DETROIT — UAW leaders on Friday agreed to send a tentative four-year labor agreement with Ford Motor Co. that largely mirrors the union's new General Motors contract to Ford's 55,000 hourly employees for ratification.
Union workers will vote by Nov. 15 whether to approve the proposed contract, a union spokesman said. The UAW said the deal provides economic gains worth an estimated $29,500 for production workers and $32,500 for skilled-trades employees through 2023.
The gains include 4 percent bonuses this year and in 2021, 3 percent wage increases in 2020 and 2022, and annual $1,500 "inflation protection" payments.
"This contract provides over $6 billion in new product investment creating and retaining over 8,500 jobs. We are proud that UAW-Ford members through this contract will continue to be the largest U.S. auto workforce and build the most products here at home," UAW Vice President Rory Gamble, who heads the union's Ford department, said in a statement. "This contract reflects the hard work, sacrifice and quality work of UAW members as they lead the U.S. auto industry."
Gamble said the agreement provides significant gains, including a pathway for full-time temporary workers to achieve permanent status, a faster path for all current UAW members at Ford to reach full pay, no change in health care costs and significantly improved job security.