More than 55,000 United Auto Workers employees at Ford are currently vying for a preliminary agreement with the automaker, and although ratification is not guaranteed, a change in voting may be helpful
Ford and the UAW have tentative Agreement on the correction of a "wage transition gap" affecting disadvantaged workers in the meantime. This is a label for employees hired after 2007. Ford employees began agreeing on the agreement in early November The Detroit Free Press reported on the update a few days ago.
WHO WON THE GM, UAW NEGOTIATION? ANSWERS OF THE FORMER FORD CEO
"It was a glitch," said a person with knowledge, according to the Free Press. "This only shows the company's commitment to working with the union to make sure this agreement is what it should be for all employees."
The change means that newer employees, who have already received annual salary increases, will receive a compensation payment to bring them to the level of the new pay scale, which is voted on.
|F||FORD MOTOR COMPANY||9.04|| +0.1
UAW and Ford leaders will know on November 15 whether ordinary members have agreed to the agreement.
This will be the union's first deal with one of the Detroit Three automakers without President Gary Jones since he took the helm in 2018. Jones left the UAW, one of the country's most powerful unions, on Sunday.
GET FOX BUSINESS ON GOING BY CLICKING HERE
The working group was plagued by allegations of embezzlement in negotiations with General Motors and Ford. In August, agents from the FBI, the IRS, and the Labor Department Jones' house searched and gathered evidence in their investigation.
FOX business requests to the UAW and Ford were not returned immediately.
CLICK HERE TO READ MORE ON FOX BUSINESS