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00:02Ford Motor reached a tentative three-year national labor agreement
00:05with Canadian auto union Unifor, according to Reuters.
00:09The contract covers more than 5,000 unionized Ford employees in Canada
00:13and remains subject to ratification by members.
00:16Unifor began negotiations with Ford last month
00:18as part of contract talks with Ford, General Motors, and Stellantis.
00:22The union is seeking better pay, job security, and benefits
00:26for nearly 19,000 workers across the three automakers.
00:30Unifor selected Ford first because it viewed the company
00:32as the most committed to maintaining Canadian operations.
00:36The existing contracts expire on September 20th.
00:40Talks began earlier than usual as worsening economic conditions
00:43and production changes led to about 6,000 layoffs across plants
00:47owned by the three automakers.
00:49For all things money, visit Benzinga.com.
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