UAW FORD WORKERS RATIFY NEW CONTRACT
The United Auto Workers union announced that Ford workers have ratified a new four year contract.
The contract includes wage increases and bonuses for workers.
The agreement also includes a $9 billion investment in U.S. plants, which will create or retain 8,500 jobs.
The contract also includes a pathway for temporary workers to become full-time employees.
The UAW and Ford reached a tentative agreement on the contract in October.
The contract covers approximately 53,000 U.S. hourly workers at Ford.
The contract also includes a $60,000 bonus for eligible skilled trades workers.
The contract also includes a $12,000 bonus for eligible production workers.
The contract also includes a $1,500 bonus for eligible temporary workers.
The contract also includes a $500 bonus for eligible retirees.
The contract also includes a $500 bonus for eligible surviving spouses.
The contract also includes a $6,000 ratification bonus for eligible workers.