The union has been on strike for more than a month to demand higher wages for employees at the American factories of Ford, General Motors (GM) and Stellantis.
According to the UAW, the agreement includes a 25 percent increase in base pay. The employees still have to vote on the agreement. That will happen in the coming weeks. Union leader Shawn Fain declares that “things have been achieved that no one thought possible.” “This agreement puts us on a new path to turn things around at Ford, the big three companies and the auto industry as a whole.”
Ford CEO Jim Farley said in a statement that he wants to restart factories in Kentucky, Michigan and Chicago as quickly as possible and get 20,000 Ford employees back to work.
US President Joe Biden reacts satisfied to the “historic” agreement.