Ford gives UAW \u0027costly\u0027 new offer with more than 20% raises

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Ford gives UAW \u0027costly\u0027 new offer with more than 20% raises
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\u003Cp\u003EFord said it was offering to increase temporary workers\u0027 pay 26 per cent to US$21 an hour, vs. US$20 in the last publicly known proposal, and raise most full-time workers\u0027 pay by \u0022more than\u0022 the 20 per cent over four years it previously offered.\u003C/p\u003E

Ford Motor Co. on Tuesday said it has increased the size of the pay raises it's offering UAW members to an"unprecedented" level and shortened the length of time new hires take to reach top wages.

The automaker said it would increase temporary workers' pay 26 per cent to $21 an hour , vs. $20 in the last publicly known offer, and raise most full-time workers' pay by"more than" the 20 per cent over four years it previously offered, without divulging a specific number. Ford also said it would reduce the time it takes new hires to reach top pay by"more than half," whereas the last offer cut that time from eight years to four.

"There's no doubt our UAW workforce put us on their shoulders during the pandemic, and these same workers and their families were hit hard by inflation. We want to make sure our workers come out of these negotiations with two things — a record contract and a strong future," Ford CEO Jim Farley said in a statement.

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