The Monitor Daily

Friday, January 22, 2021
Log in

As a participant in the Amazon Services LLC Associates Program, this site may earn from qualifying purchases. We may also earn commissions on purchases from other retail websites.

  • Home
  • Politics & National News
  • Business News
  • Tech & Science
  • Health & Lifestyle
  • About us
    • Contact US
    • Privacy Policy GDPR
    • Terms of Use
  • Latest News
    • Stormy Planet
    • US Surgeon Performs Face Transplant
    • 2017 MTV VMAs Nominations Are In And Voting Is Now Open
    • Bright House: Free McAfee AntiVirus and Adult Controls
    • Antarctic Yeti Crab Gets Formal Scientific Name
    • Spiders Take Over Australian Town
    • Interesting Facts About the Apollo 11 Mission
    • Social Smoking or The New Landmark of Elegance Among Young Women
    • Rare Weasel Returns To Washington State

Pages

  • About The Monitor Daily
  • Contact US
  • Our Team
  • Privacy Policy GDPR
  • Terms of Use

Recent Posts

  • Precisely what is Administration Buyback? Feb 12, 2020
  • Precisely what is Administration Buyback? Feb 12, 2020
  • Where by do Registered requests get kept Dec 1, 2019
  • Find a Star of the event on the Submit Purchase New bride List May 19, 2019
  • Locate Really enjoy On the internet Apr 30, 2019
  • Get Love On the net Apr 12, 2019
  • NYC Man Snaps Photo of the Victim After Sucker-Punching Him in Broad Daylight Jun 29, 2018

UAW-Ford Agreement Sees 9-Billion-Dollar Commitment to U.S. Plants

By Leave a Comment

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.

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.

Photo Credits: Wikimedia

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Business News Tagged With: 9 billion dollars, Ford plants, job retaining, tentative agreement, U.S. plants, UAW-Ford agreement

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 34 other subscribers

Operation Paperclip

Remembering Georg von Tiesenhausen, Last Member of Von Braun’s Rocket Team

By Leave a Comment

giant ground sloths on white background

It Seems that Giant Sloths Once Roamed Earth, and Humans Used to Hunt Them? (Study)

By Leave a Comment

sn 2001ig supernova explosion and images of its stars

A Star Escaped a Supernova Explosion, and NASA Snapped its Picture

By Leave a Comment

ngc 6420 galaxy resembling a giant butterfly

Hubble Spots Giant Butterfly Formed by a Black Hole and Stellar Winds (Study)

By Leave a Comment

infrared image of a dog

Space Technology Could Help Protect Earth’s Endangered Species

By Leave a Comment

snake slithering on a beige background

Kirigami Skin Is Helping a Soft Robot Slither Like a Snake (Study)

By Leave a Comment

woolly mammoth

Ice Age Tracks Reveal How Young Mammoths Cared for Adult Ones (Study)

By Leave a Comment

High Priestess tomb.

Archaeologists Discovered 4400-Years-Old High Priestess Tomb Near Cairo

By Leave a Comment

dwarf galaxies

Dwarf Galaxies Challenge the Entire Dark Matter Cosmology (Study)

By Leave a Comment

NASA Scientists and Food Experiments

NASA Scientists to Test if Astronauts Could Eat Their Own Poo

By Leave a Comment

KFC Smoky Wings Box Can Turn into Awesome Drone

By Leave a Comment

Tesla Model S

Tesla Model S Involved in Autopilot Malfunction Accident

By Leave a Comment

Duke Nukem.

John Cena Cold Feature in Duke Nukem Movie

By Leave a Comment

Battlefield One

Battlefield One Apocalypse DLC to Land in February

By Leave a Comment

Related Articles

  • Precisely what is Administration Buyback?

  • Precisely what is Administration Buyback?

  • Where by do Registered requests get kept

  • Find a Star of the event on the Submit Purchase New bride List

  • Locate Really enjoy On the internet

  • Get Love On the net

  • Frequent Questions About a Singapore Limited Liability Company

  • Well-known Questions About a Singapore Llc

  • Widespread Questions In terms of a Singapore Limited Liability Company

  • Popular Questions In regards to Singapore Llc

Categories

  • Business News
  • Entertainment
  • Featured
  • Health & Lifestyle
  • Nature
  • Politics & National
  • Sports
  • Tech & Science
  • US
  • World

Copyright © 2021 TheMonitorDaily.com

About · Privacy Policy · Terms of Use · Sitemap · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.