After roughly six weeks, the United Auto Workers (UAW) targeted (and rather costly) strike against Ford, specifically, ended last Wednesday night when the two sides reached a tentative agreement on a new contract. As the union works to ratify that agreement via an official vote by its workers, details remain a bit scant, outside of the fact that we know it includes a 25 percent general wage increase for those employees over the course of the contract, while Ford is set to invest $8.1 billion in new and existing products as well. Now, mere days after the UAW and Ford reached this agreement, The Blue Oval’s rivals – General Motors and Stellantis – have followed suit, according to Reuters.
The UAW reached a new tentative deal with Stellantis on Saturday, and followed that up by inking a new contract with GM just this morning. At the moment, it’s largely unclear what the details of these new agreements entail, though we do know that Ford agreed to the aforementioned investments, plus a 25 percent general wage increase over the life of the four-and-a-half year deal, which is set to run through April 2028.
Pending approval by UAW members, these deals effectively end a weeks-long strike that consisted of nearly one-third of the union’s workforce – 50,000 out of 150,000 represented employees – which was the first that affected all Detroit Big Three automakers at the same time, costing those companies billions of dollars in lost production in the process.
Looking forward, the UAW is looking to expand its reach as well, with President Shawn Fain commenting that by the time this contract ends and new negotiations begin in 2028, he hopes the union will be talking with the “Big Five or Big Six” rather than just the Big Three.