The news “Ford workers approve four year contract” has raised the concern of thousands of people working at Ford. The union members who have been working at the Ontario plants at Oakville, Windsor and some parts of Brampton have done the ratification of the four year agreement.
The Ford agreed that the company will do the investment of around $713 million in the operations of Canada during the next four years. This deal is beneficial for the workers in many contexts. The very first benefit to the workers is that they will get a bonus amount of $12000. They will also get the lump-sum amount of the payments which had been received by them during the time period of four years. Another benefit is that there will be a rise of around 2 per cent in wages in the very first year while 2 percent in the fourth year.
Good news for the union is that the Ford has agreed to do the investment in the engine facilities which are there at Windsor. At this place, the company is having around 1400 employees who have been working at the two engine plants.