UAW.org Ford Contract: Everything You Need to Know
The UAW (United Auto Workers) union and Ford Motor Company recently reached a tentative four-year contract agreement on November 4, 2019. The deal, which covers around 55,000 hourly workers, was ratified on November 15, 2019, and will run until September 2023.
If you`re a Ford employee or a car enthusiast, you may want to know more about the UAW.org Ford contract. Here`s a rundown of the key points and implications of the new labor agreement:
Wages and bonuses:
The new contract includes hourly wage increases of 6% over the life of the agreement for seniority employees (those hired before 2007) and 3% for traditional temporary employees (those hired after 2007). The latter group will also receive a $1,500 ratification bonus, while seniority workers will get a $9,000 ratification bonus. In addition, there`s a $1,000 signing bonus for all employees.
Under the new contract, Ford workers will continue to have access to comprehensive healthcare coverage with no premiums for active employees. The company also committed to investing $6 billion in new product programs and adding or retaining 8,500 jobs in the United States.
One of the hot-button issues in the UAW.org Ford contract negotiations was the status of temporary workers, who make up around 7% of the automaker`s workforce. The new agreement allows these employees to convert to full-time status after three years of continuous service, down from four years in the previous contract.
Ford employees will continue to receive profit-sharing payouts based on the company`s financial performance. The formula remains the same: employees get $1 for every $1 million in North American pre-tax profits, and $1 for every $2 million in global pre-tax profits.
The contract also includes several other provisions, such as:
– A new bonus for skilled trades workers who complete certain training programs
– An expansion of job security provisions, including a moratorium on plant closures and a commitment to invest in existing plants
– Increased time off for skilled trades workers to handle personal matters
– Improvements to the attendance policy
What do these changes mean for Ford workers and the company as a whole? For employees, the new UAW.org Ford contract provides higher wages and benefits, as well as some job security and career advancement opportunities for temporary workers. For Ford, the agreement ensures a stable labor force and helps the company remain competitive in the highly competitive automotive industry.
Overall, the UAW.org Ford contract is a win-win for both sides, as it balances the needs of workers and the business while providing stability and continuity for the next four years.
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