On Wednesday, October 25, 2023, the United Auto Workers (“UAW”) union reached a tentative deal with Ford, which could be a breakthrough in UAW’s six-week long strike over inadequate pay at Detroit automakers.
The four-year deal gives workers a 25% pay increase, as well as cost-of-living increases that will increase workers' pay to over 30%, to above $40 per hour for top-scale assembly plant workers by the end of the contract. The deal still must be approved by UAW’s 57,000 union members. However, the deal signals the end of a strike that has affected Ford, General Motors, and Jeep Maker Stellantis. Historically, settlement with one of the automakers has led to equal settlements with others for the UAW, indicating that Stellantis and General Motors will most likely make their own deal offers to UAW in the coming weeks. The vote by UAW’s members on Ford’s offer will occur this coming Sunday.
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