Bill Pugliano | Getty Images News | Getty Images
DETROIT – Local United Auto Workers executives from across the country approved a new four-year contract with Ford Motor and sent it to their rank-and-file members for final approval.
The agreement includes Ford investments of more than $ 6 billion in its US manufacturing operations and the creation or retention of 8,500 jobs in the United States. Ford, as first reported by CNBC, also agreed to approve $ 9,000 ratification bonuses for full-time workers and $ 3,500 ratification bonuses for temporary employees.
UAW's approximately 55,000 ranking members with the automaker are now expected to vote on the proposed contract over the next two weeks.
The agreement also includes closing a Michigan plant. If approved, approximately 600 employees per hour who work at Ford's Romeo Engine plant will be offered jobs at a nearby transmission facility or purchase package similar to those under the union's recent agreement with General Motors.
The UAW, whose members approve the deal, will then turn its attention to Fiat Chrysler, the last of the Detroit car manufacturers the union needs to negotiate for 201[ads1]9.
UAW's discussions with Fiat Chrysler are expected to be more contentious than those with Ford in the midst of a federal investigation into corruption that started with the Italian-American carmaker. There is also uncertainty about the company's future in the midst of a planned merger with French carmaker PSA Group.