UAW Workers Approve Ford Contract; Here Is What They’ll Receive

UAW workers have officially said yes to a contract with Ford.

CNBC reports:

“Members of the United Auto Workers have approved a new four-year deal with Ford Motor, the union announced Friday night.

The contract was supported by 56.3% of Ford members who voted, according to the UAW.

The deal requires Ford to invest more than $6 billion in its U.S. manufacturing operations and create or retain 8,500 U.S. jobs, while also allowing the automaker to close an engine plant in Michigan.

The company also agreed to pay $9,000 ratification bonuses for full-time workers and $3,500 ratification bonuses for temporary employees.

Acting UAW President Rory Gamble, who oversees the union’s Ford workers, called the deal ‘a life changing contract for many’ of the automaker’s roughly 55,000 rank-and-file members.

‘Ford’s commitment to job security and assembly in the United States is a model for American manufacturers,’ Gamble said in a release Friday night.”

For the rest of the story, visit CNBC here.

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