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Ford, UAW Reach Tentative Labor Deal: A 11% Wage Hike is Only the Start

HR Digest

Upon ratification, there should be an initial hike of 11 percent in 2024 , with a 3 percent hike every year until the end of the contract, ending 2027 with a 5 percent general wage increase. 401(k) plans have never been more appealing for UAW workers, with Ford’s contributions moving up to 10 percent.

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