This will make some asses pucker
&
It was only approved by 54 percent
a Ford worker with one year seniority will move from $25.75 to $46.13 (including the forecasted COLA) by the end of this three-year collective agreement – a wage increase of almost 80% in addition to a $10,000 bonus.
Other highlights include:
- Base hourly wage increase of nearly 20% for production and 25% for trades over lifetime of agreement.
- By the end of the 3-year agreement, a top-rate production assembler will be paid $44.52 per hour, in addition to a forecasted $1.61 cost of living allowance (a total of $46.13); a journeyperson skilled trades worker will be paid $55.97 per hour, in addition to a forecasted $1.61 cost of living allowance (a total of $57.58).
- General wage increases in each year of the agreement with 10% in year one, 2% in year two and 3% in year three.
- Hourly wages for production workers at Ford of Canada is now $11.00 per hour (35%) higher than comparable U.S. autoworkers at Ford.
- Reactivation of the Cost of Living Allowance (COLA).
- Wage progression reduced from 8 to 4 years.
- Start rate for Temporary Part Time and production workers increasing from $24.26 to $29.67/hr., further increasing to $30.26 within 12 months, and $31.16 by the end of the agreement.
- $10,000 Productivity and Quality bonus for full-time employees, $4,000 for Temporary Part Time.
- Improvements to all pension plans.
- Increased Defined Benefit basic monthly benefit rate from $68.60 to $73.60 for production workers, and from $81.60 to $87.60 for Skilled Trades.
- A production worker retiring at 30 years, under the ’30-and-Out’ pension program will see an increase to their monthly pension from $3,545 to $3,795. For Skilled Trades, their ’30-and-Out’ pension will increase from $3,925 to $4,225.
- Mandatory company contributions to the DC plan increase from 4% to 7%. For example, this represents an immediate company contribution increase from $3,106 to $6,172 in the first year of the agreement, for a top-rated production assembler.
- DC plan members will transition to a new DB-style pension for current plan members and all new hires on January 1, 2025.
- New quarterly payment unique to Canadian retirees, called the Universal Health Care Allowance. These quarterly payments will continue in each year of the 3-year agreement.
- Investment for Essex Engine Plant.
- Special EV Transition measures negotiated for members at Oakville assembly plant.
- Improved Supplemental Unemployment Benefit (SUB) program, raising income replacement top-up while on layoff from 65% to 70% of weekly earnings and reducing eligibility from 3 years to 1 year of seniority.
- 556 retirement incentives at $50,000 each.
- Two new paid holidays: Family Day and National Day for Truth and Reconciliation.
- Major health benefit improvements for active members and retirees, including:
- Eliminating a quarterly $97 health care deductible;
o Increase glucose monitoring maximum coverage from $1,600 to $4,000;
o Increase massage therapy annual maximum ($200 to $300) and physiotherapy coverage ($200 to $400) and eliminated requirements for doctor’s notes;
o Vision and dental care improvements;
o Legal Services Plan and Dependent Scholarship plan will now be available to workers after 1 year of seniority (previously 8 years);
o Among many other health benefit improvements.