Stellar Snippets
After almost six weeks, the United Auto Workers strike seems to be at an end as the union reaches a tentative deal with Ford.
A 25% pay increase amounting to $40 an hour for the highest wage and a 68% increase for starting wages to over $28 an hour is a part of the agreement.
Other terms include reinstatement of cost-of-living adjustments, a three-year plan for top wages, and the right to strike if a plant closes.
The four-year deal requires approval from 57,000 union members before the union's strikes can be concluded.
Ford's offer is 50% higher than it was at the beginning of the strike, prompting the workers to return to their jobs.
GM and Stellantis are looking to reach a satisfactory deal to get the workers back as soon as possible as the UAW finishes negotiating with Ford.
Temporary workers will receive raises of over 150%, retirees will be eligible for annual bonuses, and pensions will see an increase following retirement.
The leaders of the union will meet on Oct. 29 to understand the agreement and vote on whether to recommend it to members or not. .