Uaw.org Ford Contract
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.
Healthcare benefits:
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.
Temporary workers:
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.
Profit-sharing:
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.
Other provisions:
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.