Ford (F) and Canadian 澳洲幸运5官方开奖结果体彩网:labor union Unifor reached a tentative deal just hours before a deadline that helped avert strike action in Canada, while striking workers in the U.S. warned of further action if an agreement is not reached by Friday.

The three-year contract, which will cover 5,600 workers, is subject to ratification by Unifor members before the deal's details will be released, Ford said in a statement.

“We believe that this agreement will solidify the foundations on which we will continue to bargain gains for generations of autoworkers in Canada,” said Unifor National President Lana Payne. Unifor had demanded better pay and benefits, as well as support for workers amid the transition from traditional to electric vehicles.

The United Auto Workers (UAW) in the U.S. striking against Ford, General Motors (GE), and Stellantis (STLA), Chrysler's parent company, warned the Detroit automakers have until noon Friday to prevent further strike action. The announcement followed union meetings with each of the automakers last week.

Shares of Ford ticked 0.4% higher in pre-market trading on Wednesday, and were up 7.5% year-to-date.