Canadian autoworkers have ratified a new labor agreement with Ford Motor Co., averting a threatened strike.
A Canadian flag flutters in the wind near a Ford logo on the automaker's headquarters, Oct. 26, 2009 in Dearborn, Mich. Canadian autoworkers ratified a new labor agreement with Ford Motor Co. on Sunday, Sept. 24, 2023 averting a threatened strike and potentially setting a precedent that could play out in the United Auto Workers strike at automaker facilities in the U.S.
Canadian autoworkers ratified a new labor agreement with Ford Motor Co. on Sunday, averting a threatened strike and potentially setting a precedent that could play out in theThe new agreement raises base hourly pay for production workers by almost 20% over three years, and by more than 25% for trade workers, the Canadian autoworker union Unifor said. It also gives permanent workers a $10,000 bonus and adds a cost-of-living adjustment, a mechanism that adjusts wages in line with inflation.
Ford described the pact as a 15% wage increase over the three year life of the agreement. But, according to the union, that figure doesn't include compounding of each annual increase or the initial cost-of-living increase, both of which should increase workers' actual pay.It's been one week since the United Auto Workers launched historic work stoppages against major car makers.
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