Key takeaways:
- The UAW and Ford have reached a tentative agreement that could end the nearly six-week strike.
- The agreement was praised by President Joe Biden and UAW President Shawn Fain.
- The agreement must be ratified by the union’s membership before it can be finalized.
After a hard-fought negotiation, the United Auto Workers union (UAW) and Ford Motor Company have reached a tentative agreement that could end the nearly six-week strike against the iconic Detroit automaker.
The agreement was announced Wednesday evening, and was praised by President Joe Biden. “I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight,” he said.
UAW President Shawn Fain also expressed his satisfaction with the agreement. “Today we reached a tentative agreement with Ford,” he said in a video posted to social media. Ford CEO and President Jim Farley also confirmed the deal in his own statement.
The agreement between the UAW and Ford could be a critical step in ending the union’s strikes against Detroit’s Big Three automakers. If workers approve of the Ford deal, it could serve as a blueprint to resolve contract talks with the other two automakers and end the work stoppages.
The UAW and Ford have not released details of the tentative agreement, but the union is expected to provide more information in the coming days. The agreement must be ratified by the union’s membership before it can be finalized.
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