It took a 68-day strike and the loss of 500,000 vehicles, but Ford Motor Co. and the UAW made labor history in 1967 when they agreed to a contract that paid high-seniority hourly workers nearly all of their weekly pay during a layoff.
The company's guaranteed annual income plan, later copied by Chrysler Corp. and General Motors, granted workers with at least seven years seniority 95 percent of their pay for a full year.
The plan provided job security for workers and forced the auto companies to take a long-term view of production planning.
The 1967 strike was the longest national strike against Ford, and the third longest for the auto industry until that time.
Negotiations remained at a standstill more than five weeks after the strike began on Sept. 6 as Ford and the union butted heads. But Ford eventually budged, and on Oct. 22 it reached a three-year agreement with the union. Pact highlights included:
The union made two big compromises: It settled for cost-of-living adjustments that were capped at 8 cents an hour and paid annually instead of quarterly. And the UAW relinquished its demand for wage parity for Canadian workers.