UAW, Ford Reach Tentative Agreement; Biden Applauds ‘Hard Fought’ Contract

UAW President Shawn Fain announced on Oct. 25 that a tentative deal had been made
UAW, Ford Reach Tentative Agreement; Biden Applauds ‘Hard Fought’ Contract
Supporters and workers cheer as United Auto Workers members go on strike at the Ford Michigan Assembly Plant in Wayne, Mich., on Sept. 15, 2023. Bill Pugliano/Getty Images
Andrew Moran
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The United Auto Workers (UAW) union and Ford Motor Co. have reached a tentative agreement that could end a nearly six-week strike at the Big Three automaker.

During a video published online on Oct. 25, UAW President Shawn Fain announced the breakthrough, which features a 25 percent general wage increase across the 4-1/2-year contract. In addition, the union secured a 150 percent raise for current Ford temps through the 2023 agreement, a 33 percent top wage increase, and a three-year wage progression.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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