A Ford sign is shown at a dealership in Springfield, Pa., Tuesday, April 26, 2022. Ford Motor Co. is recalling certain 2004 to 2006 Ranger vehicles, Friday, May 5, 2023, because replacement front passenger air bag inflators may have been installed incorrectly. The National Highway Traffic Safety Administration said in a letter that the recall includes 231,942 vehicles. (AP Photo/Matt Rourke, File)
By Tom Krisher
Autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favor of a tentative contract agreement reached with the company.
Members of Local 900 at the Michigan Assembly Plant in Wayne, Michigan, west of Detroit voted 81% in favor of the four year-and-eight month deal, according to Facebook postings by local members on Thursday.
Two union officials confirmed the accuracy of the percentage Thursday. Neither wanted to be identified because the vote totals had not been made public.
About 3,300 UAW members went on strike at the plant Sept. 15 after the union's contract with Ford expired. They remained on the picket lines until Oct. 25, when the union announced the tentative deal with Ford.
Production workers voted 81% to ratify the deal, while skilled trades workers voted 90% in favor.
Voting at Ford will continue through Nov. 17.
Local union leaders from across the country at Jeep maker Stellantis are meeting in Detroit Thursday to get an explanation of the company's tentative agreement from UAW President Shawn Fain and Vice President Rich Boyer. If they endorse the contract, Fain and Boyer will explain it to members in an online presentation Thursday evening.
General Motors local leaders will meet on Friday, with another contract explanation on Friday evening.
The deals with all three companies are generally the same, although there are some differences. All give workers 25% general pay raises with 11% upon ratification. With cost of living pay, the raises will exceed 30% by the time the contracts end on April 30, 2028.
Workers began their strikes with targeted walkouts at all three automakers that grew during a six-week period in an effort to pressure the companies into a deal. GM was the last company to settle early Sunday morning.
Adtalem CEO Steve Beard addresses a report from Safkhet Capital taking the short position on the for-profit education giant, plus why he believes there should be financial recourse for student loan borrowers misled by their institutions.
CEO of Americares Christine Squires shares how the organization is helping provide medical assistance in a time of increasing instability, war, and climate-related disaster.
Doug Clinton, Deepwater Asset Management managing partner, shares tips for investors looking to take advantage of the massive boom in artificial intelligence beyond Microsoft and Nvidia.
Jason Moser, analyst and adviser at the Motley Fool, shares thoughts on recent tech earnings, including what’s behind Google’s share price drop and why A.I. could be Microsoft’s ‘iPhone moment.’
CEOs of social media platforms like Facebook, TikTok, and more meet with lawmakers Wednesday about how they are protecting children from sexual exploitation.
San Francisco 49ers president Al Guido discusses what goes into preparing for Super Bowl LVIII, building a championship-ready team, and how Taylor Swift and streaming are both bringing new fans to the NFL.
A $1 billion loss from a six-week strike did not crash GM's net income last year, which instead rose 12% — and the automaker expects improvement in 2024, too.
Accrue CEO and founder Michael Hershfield explains why Americans' credit card delinquencies are on the rise, advice on what can help, and the key difference between Boomers and Gen Z when it comes to money.
Senior Economist at Morning Consult Kayla Bruun shares thoughts on what to expect from the Fed's January meeting and where monetary policy is headed, as well as how consumers are faring.