Ford, UAW Reach Tentative Labor Deal: A 11% Wage Hike is Only the Start
HR Digest
OCTOBER 30, 2023
Upon ratification, there should be an initial hike of 11 percent in 2024 , with a 3 percent hike every year until the end of the contract, ending 2027 with a 5 percent general wage increase. Active members with pensions should get an increase in the life income benefit of $5 per year of credited service. and skilled trades at $50.57.
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