The contract with G.M is a 3 percent wage increase for the company`s workers in the second and fourth years and 4 percent in lump sum payments in the first and third years. ”While we will only discuss the details of the interim agreement after it is finally discontinued, we believe it is fair to our employees and retirees and paves the way for Ford to increase its competitiveness in the United States,” said Joe Laymon, Ford Group Vice President for Human Resources and Labor. Experts expected a provisional contract with Ford to arrive fairly quickly. GM and the UAW had to start from scratch to enter into a new four-year contract. Negotiations with Ford – and fiat Chrysler Automobiles NV, the latest Detroit automaker to negotiate a 2019 contract with the union – have the advantage of following the model set by GM. TORONTO – Unifor`s main bargaining committee has reached a historic preliminary agreement with Ford Motor Company to avoid a strike at its Canadian plants, after extending last night`s midnight deadline and negotiating overnight. The contract, if approved by a council of local union leaders, will be ratified by the company`s 55,000 employees represented by the united companies. The UAW said in a statement today that details of the new agreement will be formally made available to union members at declaration and ratification meetings with local UAW Ford unions. No timetable has been set for ratification. Ford Way Forward`s turnaround plan for North America, which targets profitability in 2009, called for the closure of 16 plants, the elimination of 44,000 jobs and the overhaul of the company`s Ford, Mercury and Lincoln facility. But only ten of these plants had been identified when the UAW talks began in July. Ford workers will each receive US$9,000 if they ratify a new four-year contract with the company, but the automaker will conclude its engine plant in Romeo in the deal, said a person who was briefed on the pact.

The plant`s 600 union workers will be offered acquisitions or jobs at a gearbox factory in nearby Sterling Heights, said the person who did not want to be identified because the contract was not explained to workers. Fiat Chrysler and PSA Group are expected to announce a merger deal on Thursday that could complicate contract negotiations between FCA US LLC. Ford Motor Co. has reached a preliminary employment contract with its Canadian autoworkers on Tuesday, based in part on the critical support of the Canadian government, Unifor National President Jerry Dias announced. Ford Motor Co. has reached a preliminary agreement with the United Auto Workers union on a new employment contract for its American workers, likely avoiding a strike that cost rival General Motors Co. .