Ford and the United Automobile Workers (UAW) have reached a tentative agreement in what could be the end of a strike that has been going on for more than a month. This strike impacted workers at General Motor (GM) and Fiat Chrysler (FCA) as well, as part of the Big Three Automakers in the United States.
The financial terms of the tentative agreement between Ford and the UAW have not been released as of yet, though the agreement did include language on wages, healthcare, product investments, and job security. The agreement also includes a $9 billion investment from Ford that includes $6 billion in plant modernization and reopening of two factories.
The tentative agreement will likely be ratified by Ford workers over the course of the next few days, after which the UAW is expected to turn their focus to the GM and FCA negotiations. GM was the first of the Big Three to announce the tentative agreement, followed shortly after by Ford. The FCA negotiations are ongoing.
Ultimately, the tentative agreement between Ford and the UAW could mean good news for all of the Big Three Automakers, ending a difficult strike and paving the way for the continuation of a good working relationship between the two sides. The tentative agreement between Ford and the UAW could also signal a positive outcome for the negotiations with the other Big Three manufacturers, allowing workers to get back to work and the companies to get back to full production.
