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UAW votes in favor of new contract with Ford

Strikers form a picket line.
United Auto Workers union members picket at the General Motors Tech Center on Oct. 25 in Warren, Mich. Photo: Bill Pugliano/Getty Images

The United Auto Workers Union said its members voted to approve a four-year contract with Ford, Reuters reports, after reaching a tentative deal in October.

Why it matters: With 56.3% of Ford’s hourly workers voting in favor of the deal, Ford will avoid a strike like the six-week work stoppage that cost General Motors nearly $3 billion earlier this fall, per Reuters.

  • The union will now focus on striking a deal with Fiat Chrysler, the last of the three unionized domestic automakers.

Go deeper: UAW president to take leave of absence during corruption probe