The proposed accord, which UAW’s leadership must still approve, provides a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%.
The Ford deal, which could help create a template for settlements of parallel UAW strikes against General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI), would amount to total pay hikes of more than 33% when compounding and cost-of-living mechanisms are factored in, the UAW said.
Sounds about right. I know of a current strike where workers are asking nearly 25%.
This hike in living expenses needs wages to catch up since no one seems willing to roll back to normal on “supply chain” hikes during COVID.
‘roll back’" fk that, they’re still going up… and up… and up.
Damn, I was really hoping they’d get the 4-day workweek too. Still, good for them! Breathe new life into unions in this country.
record pay raise
well how do you like that… it sounds like there might actually be enough money for them to pay workers after all… how the heck do you think they managed to find it all of a sudden like that?
They found spare change from all the couches in executives’ offices?
/s
that’s what i’m saying… they remember to look places they must have forgot to look before!
This will only make Ford slowly and quietly move their operations to countries that don’t have unions. Should take them about 4 and a half years to do it.
