The pressure is now on General Motors and Stellantis to reach similar deals, labor experts said.
United Auto Workers President Shawn Fain declared 'a major victory' this week when union members reached a tentative agreement with Ford Motor that lifts most employees' pay past $40 an hour. The tentative deal is indeed a huge win for autoworkers, organized labor experts told CBS MoneyWatch.
A 25% wage increase combined with cost-of-lliving adjustments effectively gives UAW members at Ford a 33% raise. 'And by any measure, a 30% raise is a whole lot,' Greenhouse said. Union victory on many frontsNevertheless, the Ford agreement signals a victory for UAW leaders who were able to energize and motivate thousands of workers to walk off the job, Greenhouse said.
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