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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ford Motor Company | NYSE:F | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.29 | 2.38% | 12.49 | 12.55 | 12.36 | 12.40 | 46,820,633 | 00:57:18 |
By Christina Rogers
The United Auto Workers has ratified a tentative labor deal with General Motors Co., freeing union leaders up to focus solely on a Ford Motor Co. pact that is in danger of being rejected Friday.
A GM resolution, coming after two weeks of meetings with skilled trades workers dissatisfied with the deal, solidifies a contract with the No.1 U.S. auto maker that could lift hourly compensation rates 10%, according to independent analysis published Friday.
GM and the UAW had drawn up an agreement in October that had been approved by workers overall, but was rejected by skilled-trades employees. UAW officials said they've held meetings with skilled-trade workers and secured changes from GM that respond to concerns.
In a statement, the UAW said it moved to ratify the contract because a majority of GM's 52,700 U.S. hourly workers support the deal and it believes it has addressed the outstanding issues with skilled-trade employees.
Write to Christina Rogers at christina.rogers@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 20, 2015 18:51 ET (23:51 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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