The UAW is planning to present changes to the existing four year labor agreement it has with Ford Motor Company to its National Ford Council delegates later today in Detroit. If the delegates agree to the changes then the agreement will be put to a member vote.
Although details have not yet been released by the UAW or Ford pending membership vote, Ford has stated that the changes from the agreement will allow the automaker to “improve its current and long-term competitiveness in the United States.”
An anonymous source has confirmed to Automotive News that the pending agreement will likely include a wage freeze for new hires, a one-time bonus, a no-strike provision at contract expiration, as well as production commitments.
Historically the UAW has maintained virtually identical contracts with each of the big three American automakers, but with the recent bankruptcy filings by General Motors and Chrysler an imbalance has been created across those agreements. This imbalance continues in favor of GM and Chrysler despite the UAW already awarding concessions in February of this year to Ford. Ford has stated that the February concessions will save $500 million per year and will also give Ford some flexibility in choosing how it will fund the union retiree health-care trust.
10/13, 5:33 PM
posted by:
A4
So wait, the UAW wants Ford to perform better at their expense? Or am I reading this wrong?
10/13, 5:42 PM
posted by:
2WheeledSpeed
Looks… Good? I think?
10/13, 5:46 PM
posted by:
Borat
Looks great! New Fiestas will be build in Mexico (goes with the name I guess).
10/13, 7:13 PM
posted by:
johnnycanuck
A4, I’m glad you said something first. I too are confused.
10/13, 7:20 PM
posted by:
Lionwithoutpride
Oh my . . . who is leading the U.A.W.??? Has my frustrated dream of a Ron Paul administration been given a retread and converted into a Ron Paul led U.A.W.? I can dream . . .
10/13, 8:03 PM
posted by:
Bosley The Troll
The UAW is simply agreeing to reduce the expenses that Ford has to pay on their behalf (wages, benefits, etc) for 2 reasons. First, to save Ford a bunch of cash that they can then put into something else that can possibly make money for them. And second the UAW is creating a little more job security for its Ford members by bringing their wages more in line with the GM & Chrysler. And I quote “….the pending agreement will likely include a wage freeze for new hires, a one-time bonus, a no-strike provision at contact expiration, as well as production commitments.” That should read CONTRACT not CONTACT I believe, which will provide Ford with a better ability to “…improve its current and long-term competitiveness in the United States.†by freeing up more capital otherwise lost in employee wages/benefits for research or whatever. Any more questions?…..
10/13, 8:08 PM
posted by:
CarsNut
“One time bonus ” !! Bonus to build 4.5 crappy POS on wheels?? WTF !! They all should get one -time pink slips.
10/13, 8:09 PM
posted by:
CarsNut
oops 4.5 million
10/13, 8:26 PM
posted by:
elantra_touring
HAHAHAHAHA A4s are unreliable crap. Is you dash lite up for X-MAS yet? or are your dash warning light on year round?
10/13, 8:35 PM
posted by:
Bosley The Troll
@ elantra touring, what? Are you sure you haven’t brained your damage?……..
10/13, 10:28 PM
posted by:
johnnycanuck
Bosley, it just isn’t like the union to give up anything unless there’s blood, sweat or rhetoric involved.
Borat may be on to something… maybe it’s more than just coincidence this little tidbit is casually tossed into the limelight literally within hours of those Mexican factory Fiesta spy shots.
10/13, 11:03 PM
posted by:
Need more oil for GM
Atleast Ford was able to do someting the GM couldn’t. Oh well, more bailout money heading GM’s way.
10/14, 3:25 AM
posted by:
fordman
Ford sucks,move along,nothing to see here.
10/14, 4:19 AM
posted by:
A4
Year round, and the timing belt snapped prematurely too. But that’s the price you pay, and the price I’ll continue to pay, to drive a car that doesn’t have the design prowess of a car 12 years its elder, that’s made out of paper mache, and the failed hopes and dreams of little korean children
10/14, 7:28 AM
posted by:
A4
BUILT in mexico, Osama, BUILT
NOT BUILD
BUILT.
10/14, 9:10 AM
posted by:
2WheeledSpeed
Do you need to reuse your poor insults Elantra?
10/14, 12:05 PM
posted by:
Bankruptcy2009
Chevyman Go back to the Unemployment line or better yet get a broom in your hand and keep sweeping. I’ll let you know when your done and when you can go home – you Loser High school drop out!
10/14, 12:25 PM
posted by:
spg900
fordman….. Why the hate ? There must be some serious childhood issues . Seriously, stop spewing the same crap that was fed to you by your dad, grandad, uncle etc. Get a mind of your own…..you owe it to yourself.