Factory workers at Ford Motor Co. seem ready to ratify a tentative agreement between the struggling automaker and the United Auto Workers, if only because they see the alternative as too frightening to contemplate.
Union members began getting details of the proposed amendment to their 2007 labor contract Wednesday, after UAW leaders voted unanimously to recommend ratification Tuesday.
The new deal preserves wages and health benefits, but eliminates hundreds of dollars in bonuses and cost-of-living adjustments, ends the jobs bank program, changes work rules and allows Ford to pay up to half its contributions to a union-run retiree health care trust with company stock.
Read Article