Ford Motor the largest producer of vehicles and the largest employer of UAW-represented autoworkers, with ~55,000 hourly employees in the U.S., confirmed today that it has reached a four-year contract. It will result in a $700 million Q4 charge, primarily associated with a ratification bonus that prompted only 56.3% of UAW Ford members to ratify the 2019 Collective Bargaining Agreement.
“Every Ford employee and temporary employee will be at the top-rate for full-time status at the end of this four-year agreement,” said Acting UAW President Rory Gamble, who is Director of the UAW Ford Department. “This is a life-changing.”
The International Executive Board recently put Gamble in charge to address the egregious misconduct that was revealed by FBI criminal investigations of Gary Jones, in the fraudulent diversion of funds from FCA Fiat that were supposed to support UAW worker training1.