Ford Media Center

Ford Makes Comprehensive Offer to UAW: Record Pay and Benefits, New Product Commitments, Layoff Protection

DEARBORN, Mich., Oct. 3, 2023 – Ford on Monday night made a comprehensive offer to the UAW in an effort to reach a tentative agreement on a new master labor agreement through April 30, 2028. It is the seventh and strongest offer Ford has made on the key economic issues since Aug. 29. Ford has received two comprehensive counteroffers from the UAW, the last on Sept. 25. Ford’s latest offer provides our 57,000 UAW-represented employees with a record contract and a strong future. Ford’s offer includes unprecedented improvements in wages (putting employees among the top 25% of all U.S. jobs, hourly and salaried) and benefits, product commitments for every UAW factory and job security. At the same time, it preserves Ford’s ability to invest and grow.  

“There’s no doubt our UAW workforce put us on their shoulders during the pandemic, and these same workers and their families were hit hard by inflation. We want to make sure our workers come out of these negotiations with two things – a record contract and a strong future,” said Jim Farley, president and CEO, Ford Motor Company. “We’ve put an offer on the table that will be costly for the company, especially given our large American footprint and UAW workforce, but one that we believe still allows Ford to invest in the future.”  

The union has taken a hard line on battery plants. While Ford remains open to the possibility of working with the UAW on future battery plants in the United States, these are multi-billion-dollar investments and must operate at competitive and sustainable levels. Three of the four battery plants under construction are part of the BlueOval SK joint venture between Ford and SK On. The workforce for these operations has not been hired. The future employees at these operations can choose to be union represented and enter into the collective bargaining process. As Ford has made clear, none of our employees, including powertrain employees, will lose their jobs due to our battery plants during this contract period. In fact, for the foreseeable future, we will have to hire more workers as some workers retire, in order to keep up with demand for our ICE products.   

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams.  The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty.  Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services.  The company does that through three customer-centered business segments:  Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough EVs along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs.  Additionally, Ford provides financial services through Ford Motor Credit Company.  Ford employs about 177,000 people worldwide.  More information about the company and its products and services is available at corporate.ford.com.

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