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Ford Strike Update 2023: Workers Vote To Approve New Contract
On November 2, 2023, United Auto Workers (UAW) members at Ford Motor Company voted overwhelmingly to approve a new contract. The contract, which was reached after a 41-day strike, includes significant wage increases, improved benefits, and new job security protections for workers.
The strike began on September 15, 2023, after the UAW’s contract with Ford expired. Workers were demanding better wages, benefits, and working conditions. The strike had a significant impact on Ford’s production, and the company estimated that it was losing millions of dollars each day.
On October 25, 2023, the UAW and Ford reached a tentative agreement on a new contract. The agreement was then put to a vote by UAW members, who approved it by a wide margin.
The new contract includes a 25% wage increase over four and a half years, as well as cost-of-living adjustments and annual bonuses for retirees. The contract also includes new job security protections, such as a commitment from Ford to invest in its US plants and create new jobs.
In addition to the economic gains, the new contract also includes a number of other important provisions, such as increased investment in health and safety, improved training and apprenticeship programs, and a stronger commitment to diversity and inclusion.
The UAW has called the new contract a “historic victory” for workers. UAW President Ray Curry said that the contract “delivers on every key demand that our members made.”
Ford has also expressed its satisfaction with the new contract. In a statement, Ford CEO Jim Farley said that the contract “is a good deal for both our workers and our company.”
The approval of the new contract is a significant victory for Ford workers. It comes at a time when the auto industry is facing a number of challenges, including rising inflation, supply chain disruptions, and the transition to electric vehicles.
The new contract will provide Ford workers with the stability and security they need to thrive in the years to come. It will also help Ford to remain competitive in the global auto industry.
The Ford strike was a reminder of the power of unions to fight for better wages and benefits for workers. It also showed that workers are willing to stand up for their rights, even if it means going on strike.
The strike also had a broader impact on the auto industry. It showed that workers are united in their demands for better wages and benefits. It also sent a message to other auto companies that they need to be willing to negotiate with workers in good faith.
The Ford strike was a success for workers. It showed that they are willing to stand up for their rights and that they can win when they are united. The new contract will provide Ford workers with the stability and security they need to thrive in the years to come.
The strike also had a positive impact on the auto industry as a whole. It showed that workers are united in their demands for better wages and benefits. It also sent a message to other auto companies that they need to be willing to negotiate with workers in good faith.
The Ford strike was a significant event in the history of the auto industry. It showed that workers are willing to stand up for their rights and that they can win when they are united. The new contract is a victory for Ford workers and for the auto industry as a whole.
In addition to the economic gains, the new contract also includes a number of other important provisions, such as increased investment in health and safety, improved training and apprenticeship programs, and a stronger commitment to diversity and inclusion.
The new contract is a good deal for both Ford workers and the company. It will provide Ford workers with the stability and security they need to thrive in the years to come. It will also help Ford to remain competitive in the global auto industry.
The Ford strike was a reminder of the power of unions to fight for better wages and benefits for workers. It also showed that workers are willing to stand up for their rights, even if it means going on strike.
