Ford Tentative Agreement 2019 Pdf

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Ford Tentative Agreement 2019 PDF: What You Need to Know

Ford Motor Company has reached a tentative agreement with the United Auto Workers (UAW) union on a new labor contract. The deal, which covers approximately 55,000 workers at Ford, still needs to be ratified by UAW members. However, the details of the agreement have been released in a PDF format for all to read.

So, what exactly is in the Ford Tentative Agreement 2019 PDF? Here are some key takeaways:

Wages and benefits: According to the agreement, Ford workers will receive an $11,000 signing bonus, as well as wage increases of 3% in the second and fourth years of the contract and 4% in the third year. Additionally, the agreement includes improved healthcare benefits, with reduced out-of-pocket costs for workers.

Investments in U.S. facilities: One of the main goals of the UAW in these negotiations was to secure commitments from Ford to invest in U.S. manufacturing facilities. The agreement includes $6 billion in new investments and 8,500 new or secured jobs in the U.S., which should help to allay concerns about layoffs or plant closures.

Temporary workers: One issue that has been contentious in UAW negotiations with Ford and other automakers is the use of temporary workers. The agreement limits the use of temps and creates a path for them to become permanent employees, which should help to address some of the job insecurity that temporary workers face.

Bonus opportunities: In addition to the signing bonus, the agreement includes a profit-sharing plan that could provide workers with additional bonuses based on the company`s financial performance.

Overall, the Ford Tentative Agreement 2019 PDF represents a significant win for UAW members and should help to secure the future of Ford`s U.S. workforce. However, it still needs to be ratified by union members, and it`s possible that there could be changes or further negotiations before the final contract is approved. Nonetheless, the agreement is a positive sign for Ford workers and the U.S. auto industry as a whole.