Connect with us

Hi, what are you looking for?

Fibonacci Tech News

Ford and UAW reach tentative agreement to end strike

Photo by Michael Swensen/Getty Images

The United Auto Workers (UAW) union and Ford have reached a tentative agreement to end the union’s six-week strike against the automaker. Last month, workers at Ford, GM, and Stellantis factories walked off the job in targeted work stoppages timed just as the large automakers shift to producing more electric vehicles than ever before.

The strike has roiled the auto industry, costing each company hundreds of millions of dollars each week in lost production and throwing the industry’s shift to electric vehicles on ice. An agreement with Ford puts more pressure on GM and Stellantis to strike a deal with the union.

According to preliminary reports, Ford agreed to a 25 percent increase in wages, plus cost of living increases, that will bump…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Tech News

Image: Brazil Climate Summit At the moment I arrived at the Brazil Climate Summit event, it felt like home to me. As I opened...