The union also negotiated a 5 percent wage increase over the term of the agreement, with a 4 percent lump sum, a productivity and quality bonus of $US 7,250, inflation protection bonuses, and major changes to the New Hire Program, including an 8-year salary grid and the reintroduction of afternoon and midnight bonuses. This is the second time Dias has negotiated a „historic“ contract with the Detroit 3. He also used this adjective to describe Unifor`s agreement with General Motors in 2016. Local Unifor union leaders backed the deal over the weekend and called on workers to ratify the deal on Sunday. The most recent agreement, ratified with 81 per cent, also transfers ford of Canada`s defined contribution pension plan staff to the DBplus of the Colleges of Applied Arts and Technology retirement plan. „This is a very important step for us to put our new members back on a defined benefit pension,“ says Vermey. „Ford of Canada and Unifor have reached a preliminary agreement on a three-year national employment contract for nearly 5400 unionized employees in Canada. To comply with the ratification process, Ford of Canada will not discuss the details of the interim agreement. The Ford deal, which was provisionally approved on Sept. 22, includes investments from both the automaker and a Canadian government official. The package, paid for primarily by Ford, aims to make Canada`s auto industry a major player in electrification, Dias previously said. Ford Motor Co. of Canada on Monday signed a new employment contract with Canadian autoworkers, which will bring an investment of $US 1.5 billion ($US) from the automaker in the manufacture of battery electric vehicles in Canada. „As the Prime Minister said yesterday, our government will be around the table negotiating the terms of this agreement with Ford and the federal government and will make a significant contribution,“ the spokesman said in a statement.
TORONTO – Unifor`s Master Bargaining Committee has reached a historic tentative agreement with Ford Motor Company to avoid a strike at its Canadian plants, after extending last night`s midnight deadline and conducting negotiations throughout the night. „In collaboration with Unifor and as discussions with the federal and provincial governments continue, this agreement is an important step towards a stronger future for our employees. our customers and our communities,“ Said Dean Stoneley, President and CEO of Ford of Canada, in prepared remarks. Dias said this deal is different, both because of its size and the length of Ford`s commitment. Dziczek said Ford`s ability to pull out of an investment by then will largely depend on what`s in its deal with Unifor. The new collective agreement for Ford Motor Co. and Unifor addresses everything from racial inequality to medical coverage for cannabis to a new retirement plan. „Under the collective agreement ratified today by employees, Ford is committed to transforming its Oakville assembly complex from an internal combustion engine (ICE) site to a DEV production site starting in 2024 and introducing a new engine program at its Windsor plants,“ Ford said in a statement.
Under the new deal, Ford hour workers will receive two 2.5% wage increases during the three-year deal; ratification bonuses; and a reduced growth of eight years for new hires, of 11 years, according to the automaker. . . .