Canadian autoworkers ratified a new labor agreement with Ford Motor Co. on Sunday, warding off a threatened strike and doubtlessly surroundings a precedent that might play out within the United Auto Workers’ strike at automaker amenities within the U.S.
The new agreement raises base hourly pay for manufacturing employees by way of virtually 20% over 3 years, and by way of greater than 25% for business employees, the Canadian autoworker union Unifor mentioned. It additionally provides everlasting employees a $10,000 bonus and provides a cost-of-living adjustment, a mechanism that adjusts wages in line with inflation.
Ford described the pact as a fifteen% salary building up over the 3 12 months lifetime of the agreement. But, in line with the union, that determine does not come with compounding of every annual building up or the preliminary cost-of-living building up, either one of which will have to building up employees’ exact pay.
Ford didn’t straight away reply to a request for rationalization.
It’s been one week for the reason that United Auto Workers introduced ancient paintings stoppages towards primary automobile makers. The UAW’s centered moves towards General Motors, Stellantis and Ford started after the union’s contract with the firms expired at the hours of darkness on Sept. 14. At the time, 13,000 workers walked out of three assembly plants.