The proposed accord, which UAW’s leadership must still approve, provides a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%.
The Ford deal, which could help create a template for settlements of parallel UAW strikes against General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI), would amount to total pay hikes of more than 33% when compounding and cost-of-living mechanisms are factored in, the UAW said.
well how do you like that… it sounds like there might actually be enough money for them to pay workers after all… how the heck do you think they managed to find it all of a sudden like that?
They found spare change from all the couches in executives’ offices?
/s
that’s what i’m saying… they remember to look places they must have forgot to look before!