Monday, October 29, 2012

Ford: Momentum Building for UAW Deal

As of yesterday, it looked like Ford’s (F) contract with the UAW could be destined for failure, as the vote stood 3,915 to 3,256 in favor of the “no” voters. But the momentum appears to have shifted in voting today.

As of 11:30 a.m., however, 6,271 workers had voted to ratify the contract, while 6,085 had voted against the contract, a 50.8% to 49.2% split. If more than half of the union members vote against the contract, the UAW may strike.

There’s a spirited discussion going on about the contract on the UAW facebook page. Many of the big votes are expected to come this weekend.

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