Ford And UAW Reach Deal To Avoid Strike

FORD AND UAW REACH QUICK DEAL TO AVOID A STRIKE

(CNN) – Ford has struck a tentative deal to avoid a strike with its workers.

The two sides announced they reached an agreement late Wednesday.

No details of the deal have been released.

Talks about labor union contracts began on Monday and wrapped up in three days.

It’s a big contrast from general motors who lost nearly $3 billion from a 6 week strike.

Meanwhile, Ford’s deal still needs to be approved by the United Auto Workers union before it can go into effect.

Categories: Business