Ford has made a new offer to the United Auto Workers union that it hopes will end ongoing labor strikes across the country.
The record contract applies to all 57,000 Ford employees who are members of the UAW. The offer starts by providing commitments for every UAW plant in the U.S. and says that no jobs will be lost due to its impending EV battery plants. It has also committed to a profit-sharing program for all employees, including temporary employees who will immediately receive a 26% pay rise up to $21 per hour.
In addition, Ford says that it will convert all temporary employees with at least 3 months of continuous service to permanent status. Permanent employees will also benefit from wage increases of more than 20%, including an immediate double-digit increase if the contract is ratified. Ford also says it will provide traditional cost-of-living allowances to provide inflation protection and will ensure that all employees can reach the top wage rate.