LOUISVILLE, Ky. (WDRB) -- The United Auto Workers union and Ford Motor Co. have reached a tentative agreement on a new four-year labor contract, UAW leaders said in an update to members Friday.

UAW leaders will vote on Monday whether to send the contract to the union's 52,000 members -- including about 9,000 workers at Ford's two plants in Louisville -- for final ratification.

"I know this has been a very long and stressful process, but I thank each of the 52,000 hard working men and women of UAW-Ford for their patience, understanding and solidarity," UAW President Dennis Williams and Vice President Jimmy Settles said in the update to members.

Ford said in a statement that the deal, if ratified, "will help lead the Ford Motor Company, our employees and our communities into the future."

The Wall Street Journal reported Friday that the Ford deal is patterned on the UAW's recently struck deal with General Motors. The GM deal "secured pay raises, factory investment pledges and an $8,000 signing bonus that will be paid out to members if the deal is passed," according to the Journal. 

In their note to members, Williams and Settles said the deal with Ford was struck this morning. On Monday, UAW-Ford presidents and chairpersons will meet in Detroit to review and discuss the deal, and they will vote on whether to send it to the full membership for final ratification.

If the deal is sent on, the "entire contract and highlight package" will become available to members immediately following Monday's vote, they said.

Todd Dunn, president of UAW Local 862 -- which represents Louisville workers -- is one of the leaders who will attend the contract meeting in Detroit on Monday.

Dunn said Friday he has no details about what the deal entails. Local 862 leaders are determining a time and place for a "ratification meeting" where Louisville workers will have a chance to ask questions about the contract, he said.

"All I want to do now is focus on how we are going to get that information and make sure the membership has 100 percent of that transparency -- what they need to make an informed decision," he said.

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