Republican bill seeks to curtail US FTC's merger-busting powers
UnitedHealth investors await details behind 2025 outlook after exec's murder
Texas online porn age-verification law goes to US Supreme Court
Former Georgian prime minister hospitalised after beating, blames government
Mussolini's honorary doctorate subject of Swiss university exhibition
Italy's public debt tops 3 trillion euros, highest on record
Overtourism was the buzzword of 2024. This summer looks to be just as crowded and chaotic
Spain sees further tourism growth after record 94 million visitors in 2024
Canadian autoworkers ratified a new labor agreement with Ford Motor Co. on Sunday, averting a threatened strike and potentially setting a precedent that could play out in the United Auto Workers' strike at automaker facilities in the U.S.
The new agreement raises base hourly pay for production workers by almost 20% over three years, and by more than 25% for trade workers, the Canadian autoworker union Unifor said. It also gives permanent workers a $10,000 bonus and adds a cost-of-living adjustment, a mechanism that adjusts wages in line with inflation.
Ford described the pact as a 15% wage increase over the three year life of the agreement. But, according to the union, that figure doesn't include compounding of each annual increase or the initial cost-of-living increase, both of which should increase workers' actual pay.
Ford did not immediately respond to a request for clarification.
It's been one week since the United Auto Workers launched historic work stoppages against major car makers. The UAW’s targeted strikes against General Motors, Stellantis and Ford began after the union’s contract with the companies expired at midnight on Sept. 14. At the time, 13,000 workers walked out of three assembly plants.
