CAW contract better for Ford than pact with UAW

By Bryce Hoffman, The Detroit News

The tentative agreement reached between Ford Motor Co. and the Canadian Auto Workers on Monday is a sweeter deal for the company than the one it inked with the United Auto Workers here last fall.

If ratified, Canadian workers would receive bonuses totaling about $9,234 at the current exchange rate over the life of the four-year contract. That is about $3,800 less than UAW members will receive during the life of their four-year contract with Ford.

And the CAW agreement includes no provision for profit-sharing, meaning workers north of the border would receive nothing more if the company does well. Ford workers in the United States receive $1 for every $1 million in pre-tax, pre-interest operating profit the company makes in North America.

http://www.detroitnews.com/article/20120918

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