Ford Of Canada, Union Reach Collective Agreement With Wage Boosts, Pension Improvements; U.S. Negotiations Continue - Stellantis (NYSE:STLA), Ford Motor (NYSE:F), General Motors (NYSE:GM)

Ford Of Canada, Union Reach Collective Agreement With Wage Boosts, Pension Improvements; U.S. Negotiations Continue - Stellantis (NYSE:STLA), Ford Motor (NYSE:F), General Motors (NYSE:GM)

Ford of Canada and Union Reach Agreement with Wage Boosts and Pension Improvements

Ford of Canada has reached a new agreement with the Unifor union, which includes wage increases and pension improvements. The three-year collective agreement will see a base hourly wage increase of up to 25%. In the first year, general wages will increase by 10%, followed by 2% in the second year and 3% in the third year. The agreement has been ratified by most of the Ford of Canada members. Meanwhile, Ford Motor Co in the U.S. continues to face…