Ford, UAW Reach Tentative Labor Deal: A 11% Wage Hike is Only the Start
HR Digest
OCTOBER 30, 2023
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. UAW and Ford reached a tentative agreement on additional benefits such as 2-week Parental Leave and a Juneteenth holiday are also part of the UAW deal.
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