Current:Home > FinanceUAW appears to be moving toward a potential deal with Ford that could end strike -Intelligent Capital Compass
UAW appears to be moving toward a potential deal with Ford that could end strike
View
Date:2025-04-14 20:32:25
DETROIT (AP) — The United Auto Workers union appears to be edging closer to a tentative contract agreement with Ford that would be critical to ending the union’s 6-week-old strikes against the three major Detroit automakers, two people with knowledge of the talks said Wednesday.
The people said the union made a counter-offer to Ford that proposes a 25% general wage increase over the life of a new four-year contract and said that negotiations on Tuesday extended well into Wednesday morning. Previously Ford, Stellantis and General Motors had all offered 23% pay increases.
A Ford deal would include cost-of-living pay increases that could lift the total pay raises above 30%, said the people, who asked not to be identified because they are not authorized to speak publicly about the talks. In addition, workers would still receive annual profit-sharing checks.
It’s still possible that the negotiations, despite the meaningful progress being made, could unravel. But if the UAW can reach a tentative agreement with Ford, it would be used as a model to seek similar contract settlements with GM and Stellantis. Typically, during past auto strikes, a UAW deal with one automaker has led the other companies to match it with their own settlements.
veryGood! (2)
Related
- Highlights from Trump’s interview with Time magazine
- Russia carries out what Ukraine calls most massive aerial attack of the war
- Knicks getting OG Anunoby in trade with Raptors for RJ Barrett, Immanuel Quickley
- Unforgettable global photos of 2023: Drone pix, a disappearing island, happiness
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Climate activists from Extinction Rebellion target bank and block part of highway around Amsterdam
- Inside some of the most unique collections at the Library of Congress as it celebrates 224th anniversary
- See New Year's Eve store hours for Walmart, Target, Costco, Kroger, Publix, Aldi, more
- Current, future North Carolina governor’s challenge of power
- Astrologer Susan Miller Reveals Her 2024 Predictions for Each Zodiac Sign
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- NFL playoff format: How many teams make it, how many rounds are there and more
- A man is arrested in Arkansas in connection with the death of a co-worker in Maine
- AP PHOTOS: Dancing with the bears lives on as a unique custom in Romania
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Paula Abdul accuses ‘American Idol’ producer Nigel Lythgoe of sexual assault in lawsuit
- NFC playoff picture: San Francisco 49ers clinch home-field advantage
- UFOs, commercial spaceflight and rogue tomatoes: Recapping 2023's wild year in space
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Feds say they won't bring second trial against Sam Bankman-Fried
NFL playoff format: How many teams make it, how many rounds are there and more
PGA Tour updates players on negotiations with investors, Saudi Arabia's Public Investment Fund as deadline extends into 2024
Retirement planning: 3 crucial moves everyone should make before 2025
Most funding for endangered species only benefits a few creatures. Thousands of others are left in limbo
What restaurants are open New Year's Eve 2023? Details on Starbucks, Chick-fil-A, more
Pakistan election officials reject former prime minister Khan’s candidacy in parliamentary election