UAW-Ford agreement sees 9-billion-dollar commitment to U.S. plants, in addition to job creation and retention over a four-year timeframe.
UAW-Ford agreement sees 9-billion-dollar commitment to U.S. plants, in addition to job creation and retention over a four-year timeframe.
The UAW considers the tentative agreement to be a success and expects that it will be ratified in the current form as soon as all parties involved get the chance to read it. The UAW-Ford agreement pinpoint an investment amounting to 9 billion dollars over four years. U.S. Ford plants, workers and new products are part of the multi-billion plan.
The Michigan Assembly plant will see an investment of 700 million dollars. It is expected that with 2018, a new product will be added to the assembly line here. Possibly Ford Ranger, it will be followed by Ford Bronco SUV, a much anticipated revival expected to be completed by 2020. Until 2018 the Michigan Assembly plant will continue supporting the C-Max family, as well as the Ford Focus family. With the arrival of Ford Ranger and the revival of Ford Bronco, the rest will be moved.
Since the announcement was made on Monday, the UAW-Ford agreement sees 9-billion-dollar commitment to U.S. plants. The tentative UAW-Ford agreement stipulated that 8,500 jobs will be created or retained over the following four years against the background of new transmissions, vehicles or engines being introduced. 4,8 billion dollars will be invested in the 11 Ford facilities found in Michigan.
Two plants initially noticed for closure are now saved under the UAW-Ford agreement. Thanks to moving products and introducing other new products, the plants may now remain open, saving jobs and increasing production.
According to Jimmy Settles, the VP of UAW the agreement, even if in tentative phase, proposes real job security by investing in plants, thus avoiding their closure. For workers, the agreement envisions 10,000 dollars delivered upon signing, as well as other raises and bonuses. In addition, health care and profit sharing are now outlined in the UAW-Ford agreement. Entry-level workers in the plants will benefit from an eight-year progression program. Retirees are also targeted by the new UAW-Ford agreement.
While some voices have been raised against the tentative agreement, the VP of UAW believes that with proper information sessions, most will agree with the terms. Provided the UAW-Ford agreement is ratified in the current form, 352 workers will move up the wage scale immediately. However, each individual Ford unit must first decide the date of the information sessions, as well as the timeframe from the ratification voting procedure.
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