United Auto Workers approve new 4-year contract with Ford
Members of the United Auto Workers union at Ford Motor Co. have voted to approve a new contract with the company.
The union says in a statement Friday night that 56.3% of workers who voted were in favor of the deal.
The four-year agreement reached Oct. 31 gives workers a mix of pay raises and lump-sum payments as well as a $9,000 ratification bonus. The company also promises $6 billion in U.S. factory investments. Ford gets to close an engine factory near Detroit but its 600 workers there will get jobs at a nearby plant.
The deal is similar to one ratified by General Motors workers after a bitter 40-day strike.
On Monday, the union will focus bargaining on Fiat Chrysler, the last of the Detroit Three automakers to settle.