The United Auto Workers (UAW) announced significant progress in negotiations with Ford, aiming to reach a new labor agreement before the Friday deadline. UAW President Shawn Fain revealed key concessions secured in a Facebook livestream, including reinstating the cost-of-living adjustment (COLA) formula, enhanced profit sharing, the right to strike over plant closures, two years of income security and healthcare for laid-off workers (applicable to employees with at least 90 days of employment), and the conversion of temporary workers, among other provisions. Ford expressed its commitment to working closely with the UAW to create a mutually beneficial agreement. However, the company … (read full article...)
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