Ford workers ratify new contract with United Auto Workers
DETROIT - Ford workers have voted in favor of a new four-year contract.
The United Auto Workers union said late Friday that the contract passed with a 51.4% vote. The agreement covers 53,000 U.S. hourly workers at 22 plants.
The contract raises wages for all workers and promises $9 billion in investments at Ford's U.S. plants over four years.
It also promises ratification bonuses of up to $10,250 per worker.
Ford's contract was the last of the Detroit automakers to win approval. Fiat Chrysler workers approved their contract in October, while the union said earlier Friday that General Motors' contract was approved.
Ford said it was pleased with the vote. It said the contract helps the company, employees and their communities.