Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ 55,000 Ford-approved Ford dealers are not guaranteed. This adjustment can help.

55,000 Ford-approved Ford dealers are not guaranteed. This adjustment can help.



More than 55,000 Ford United Automobile Workers are in the process of voting on a preliminary agreement with the automaker, and while ratification is not guaranteed, a change made in the middle of voting can help.

Ford and UAW edited the preliminary agreement to determine the "pay gap" that disadvantages workers with progression, a label applied to employees hired after 2007. Ford employees began voting the agreement in early November but was notified of the amendment a few days ago, reports The Detroit Free Press.

WHO WON GM, UAW NEGOTIATION? "This was a problem," said a knowledgeable person, according to The Free Press.

"It just shows the company's commitment to working with the union to make sure this agreement is what it should have been for all employees."

The change means newer employees who have already received annual promotions, they will receive a back payment to raise them to the level of the new payment they are voting for.

Ticker Security Last Change Change%
F FORD MOTOR COMPANY 9.04 +0.1
5
+ 1.69%

UAW and Ford will know if Ranking members approve the agreement on November 15th.

This will be the first alliance deal with one of the Detroit Three automakers without President Gary Jones since he took the helm in 2018. Jones began his leave Sunday amid an escalating federal probe for corruption in the UAW, one of the most powerful unions in the country.

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FILE – In this July 16, 2019 file, Gary Jones, President of United Kingdom Automobile Workers, spoke during the opening of his contract talks with Fiat Chrysler Automobiles in Auburn Hills, MI. Jones Takes Paid Leave Against Federal Investment

The labor group has been accused of being hijacked during large-share negotiations with General Motors and Ford. In August, agents from the FBI, the IRS, and the Department of Labor searched Jones' home and gathered evidence in their investigation.

FOX Business applications to UAW and Ford were not immediately returned.

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