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March 5, 2021
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AUTO TALKS
(2007-11-15)
(wgvu) - UNITED AUTO WORKERS MEMBERS HAVE OVERWHELMINGLY
RATIFIED A CONTRACT WITH FORD.
THE DEAL SETS LOWER PAY FOR SOME NEWLY HIRED WORKERS AND PUTS
THE COMPANY'S HUGE RETIREE HEALTH CARE DEBT INTO A UNION-RUN TRUST.
THE UAW, WHICH REPRESENTS ABOUT 54,000 WORKERS AT FORD, SAYS 79
PERCENT OF THOSE VOTING FAVORED THE PACT.
WORKERS AT GENERAL MOTORS AND CHRYSLER HAVE ALREADY RATIFIED
SIMILAR DEALS. BUT UNLIKE THOSE TWO AUTOMAKERS, THE UAW DIDN'T GO
ON STRIKE AGAINST FORD.
UAW CHIEF RON GETTELFINGER SAYS THE FORD CONTRACT PROTECTS
WAGES, BENEFITS AND SENIORITY RIGHTS AND PROVIDES INCOME AND SECURE
HEALTH CARE FOR RETIREES.
FORD SHARES FELL 2 CENTS TO CLOSE AT $7.98 YESTERDAY ON WORD OF
THE DEAL'S RATIFICATION.
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