By Peter Hoskins Business reporter
Ford and the United Auto Workers (UAW) union have reached a tentative deal to end a six-week strike.
The agreement would be the first settlement of strikes by 45,000 workers against Ford, General Motors (GM) and Chrysler-parent Stellantis.
The deal still needs to be approved by union leaders and members.
This is the best summary I could come up with:
Ford and the United Auto Workers (UAW) union have reached a tentative deal to end a six-week strike.
The agreement would be the first settlement of strikes by 45,000 workers against Ford, General Motors (GM) and Chrysler-parent Stellantis.
If the new four-and-a-half year contract gets approval from Ford workers, it would set the standard for talks at GM and Stellantis.
Mr Fain added that the agreement included a 25% wage increase over the life of the contract, while lowest-paid temporary workers would see pay rises of more than 150% over the period.
“[It] provides a record raise to auto workers who have sacrificed so much to ensure our iconic Big Three companies can still lead the world in quality and innovation,” Mr Biden said.
Other demands included an end to practices that give newer workers lower pay and fewer benefits.
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