Ford Motor Company became the first of the “big three” American vehicle manufacturers to finalize a new labor deal with its unionized workers last week.
The agreement has been described as “historic” and sets the stage for potential resolutions to the ongoing labor disputes in the industry.
The Ford-UAW agreement is notable for including a 25% salary increase over the course of the labor agreement.
This development signals a positive step towards addressing the demands and concerns of the workforce, while also attempting to mitigate the ongoing labor strikes that have affected the automotive sector.