U.S. automakers may seek to start providing as much as 15 percent of union workers’ compensation in performance bonuses and lump-sum payments, emulating how their Japanese counterparts and salaried employees are paid.
United Auto Workers President Bob King told union leaders he thinks a deal can be reached with all three U.S. automakers by the current contracts’ Sept. 14 expiration, according to a person familiar with his remarks.
The United Auto Workers said in a Facebook post that it will seek a strike if members vote against a tentative agreement with Ford Motor Co. and that union leaders expect the automaker would seek replacement workers.
Ford Motor Co. will pay most of its United Auto Workers-represented employees a $6,000 signing bonus, $3,752 in profit sharing and a $250 “competitive bonus” this year under a new four-year tentative agreement, the union said in summaries today.
Ford Motor Co., the No. 2 U.S. automaker, and the United Auto Workers union are starting a pilot health care program for workers and retirees with chronic medical conditions, in a move they said could reduce costs.