Canadian autoworkers ratified a brand new labor agreement with Ford on Sunday, averting a threatened strike and potentially setting a precedent that would play out within the United Auto Employees’ strike at automaker facilities within the U.S.
The brand new agreement raises base hourly pay for production employees by almost 20% over three years, and by greater than 25% for trade employees, the Canadian autoworker union Unifor said. It also gives everlasting employees a $10,000 bonus and adds a cost-of-living adjustment, a mechanism that adjusts wages in keeping with inflation.
Ford described the pact as a 15% wage increase over the three 12 months lifetime of the agreement. But, in response to the union, that figure doesn’t include compounding of every annual increase or the initial cost-of-living increase, each of which should increase employees’ actual pay.
Ford didn’t immediately reply to a request for clarification.
It has been one week for the reason that United Auto Employees launched historic work stoppages against major automobile makers. The UAW’s targeted strikes against General Motors, Stellantis and Ford began after the union’s contract with the businesses expired at midnight on Sept. 14. On the time, 13,000 employees walked out of three assembly plants.
This Article First Appeared At www.autoblog.com