Ford and UAW begin high-level financial discussions

Article by Christian A., on September 27, 2011

Ford Motor Co. has started talks with the UAW related to high-level financial matters as part of the process to enter a new labor agreement. Workers hope that this agreement will be greater than the deal with General Motors Co.

Last Saturday, a meeting took place between UAW Vice President Jimmy Settles, Ford’s lead negotiator, and his administrative assistants to put his agenda on top as they prepare for the upcoming meetings with Ford executives, according to a memo by the UAW.

The union shared that Settles and Ford agree to have extended negotiating sessions this week that may “last around the clock” when a deal gets close.

The UAW said it doesn’t seem like it may have to hold a strike against Ford but according to Settles, all the local union presidents have to be prepared in case no deal is reached, says Autonews. For the last couple of months, negotiating teams for Ford and the union have held meetings. The last stages of negotiations are usually where the financial matters are discussed.

The UAW, which failed to tie up a deal with Chrysler Group LLC, extended its contract until Oct. 19. A day after this took place, the union decided to focus on Ford. However, the UAW’s talks with Chrysler will continue. While this is happening, workers represented by the UAW have started to vote on a tentative four-year deal that was reached with GM just a week ago.

Union officials estimate that voting will be done by Thursday. The Lansing State Journal newspaper said that two locals in the Lansing, Mich., area split on ratification votes the past weekend. The deal was voted down at Local 602 at the Lansing Delta Township plant, with 66% of production workers and 57% of skilled trades voting no to the deal.

Topics: ford, uaw

If you liked the article, share on:

Comments

Recommended

The new 2018 Ford Mustang GT, when equipped with its optional Performance package, will be able to produce 460 horsepower. It also comes fitted with Michelin Pilot Sport 4S tires...
by - October 19, 2017
It’s not as if the Porsche 718 Boxster and Cayman are not already impressive cars. The automaker has just given us more reasons to love the twins. The 2018 model...
by - October 19, 2017
After months of dropping online teasers, Polestar finally reveals its very first production car virtually. The Polestar 1 is a two-door coupe that gets its design inspiration from the 2013...
by - October 19, 2017
While the official premiere of 2018 Jeep Wrangler (JL/JLU) is already set this December, fans everywhere rejoiced at having had something like this appear on the web. Yes, everything we...
by - October 19, 2017
South Korean carmaker Kia will try to follow up the success of its Sportage compact sports utility vehicle by introducing a smaller SUV (subcompact) in the United Kingdom in the...
by - October 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries