October 31, 2019
DETROIT (Reuters) – Ford Motor Co <F.N> and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors Co <GM.N> about $3 billion.
The union turned to Ford to negotiate a new four-year agreement after ratifying a contract last week with GM following a 40-day U.S. strike that shut down almost all of GM’s North American operations.
(Reporting by Ben Klayman; Editing by Shri Navaratnam)