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Pension enhancements
On pensions, some other of Unifor’s core priorities on this spherical of bargaining, contributors recently on outlined contribution (DC) pension plans might be converted to awesome outlined advantages (DB) plans beginning Jan. 1, 2025.
Within the present DC plans, Ford contributes 4 p.c of an worker’s profits as much as 2,080 hours to the plan. Underneath the DB plan, the automaker will give a contribution 7 p.c of profits. Staff pay 4 p.c of profits into the plans in each eventualities.
Ford Canada CEO Bev Goodman mentioned the deal will ensure that the corporate’s Canadian operations “proceed to ship.”
“This contract invests in our gifted and devoted staff, who stay persistently centered at the vital paintings of assembling our cars, development our engines and elements, making improvements to buyer pleasure, and expediting portions supply carrier to our greater than 400 sellers,” she mentioned in a unlock.
The 15 p.c basic salary build up incorporated within the deal, the corporate added, is the “biggest uplift in Ford of Canada historical past.”
Unifor’s important positive aspects on the bargaining desk come amid heightened exertions stress in each Canada and the U.S.
Whilst Ford staff north of the border now have a freelance working thru Sept. 20, 2026, staff on the Detroit 3 within the U.S. stay partly on strike. UAW staff at one Ford, one Common Motors and one Stellantis meeting plant walked out Sept. 15, and the union expanded the strike to 38 extra GM and Stellantis portions amenities on Friday.
In Canada, Unifor will now glance to use its positive aspects with Ford to its collective agreements with GM and Stellantis as a part of its patterned bargaining technique. The union has now not disclosed which automaker it plans to focus on subsequent.
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