UAW Reaches , Tentative Agreement With Ford.<br />United Auto Workers (UAW) President <br />Shawn Fain made the announcement <br />on Oct. 25, CBS News reports. .<br />Today we reached a tentative agreement with Ford. For months, we've said that record profits mean record contracts. And UAW family, our Stand Up Strike has delivered, Shawn Fain, UAW President, via X.<br />Jim Farley, Ford CEO and president, <br />also confirmed the tentative deal.<br />We are pleased to have reached a tentative agreement on a new labor contract with the UAW covering our U.S. operations, Jim Farley, Ford CEO and president, via statement.<br />President Biden issued a statement as well.<br />I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight, President Joe Biden, via statement.<br />This tentative agreement is a testament to the power of employers and employees coming together to work out their differences at the bargaining table in a manner that helps businesses succeed while helping workers secure pay and benefits they can raise a family on and retire with dignity and respect, President Joe Biden, via statement.<br />Under the new deal, UAW <br />Vice President Chuck Browning said, .<br />"UAW members at Ford will receive <br />more and straight general wage increases <br />over the next four-and-a-half years than <br />we have over the last 22 years combined.".<br />Over the course of the contract, temporary workers <br />would see wage increases of over 150%.<br />Union workers would also reserve the "right to <br />strike over plant closures," CBS News reports. .<br />Now, Ford's 75,000 UAW workers <br />must approve the deal
