Current:Home > reviewsUAW appears to be moving toward a potential deal with Ford that could end strike -Wealth Pursuit Network
UAW appears to be moving toward a potential deal with Ford that could end strike
View
Date:2025-04-17 05:32:04
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! (389)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Immigrants prepare for new Biden protections with excitement and concern
- Watch Taylor Swift perform 'London Boy' Oy! in Wembley Stadium
- ‘Alien: Romulus’ bites off $41.5 million to top box office charts
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- The pro-Palestinian ‘uncommitted’ movement is at an impasse with top Democrats as the DNC begins
- Hurricane Ernesto makes landfall on Bermuda as a category 1 storm
- Shootings reported at Joint Base San Antonio-Lackland between guards and passing vehicle
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Fire breaks out at London’s Somerset House, home to priceless works by Van Gogh, Cezanne
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Harris reveals good-vibes economic polices. Experts weigh in.
- Stunning change at Rutgers: Pat Hobbs out as athletics director
- Kirsten Dunst Reciting Iconic Bring It On Cheer at Screening Proves She’s Still Captain Material
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Chris Pratt Honors His and Anna Faris' Wonderful Son Jack in 12th Birthday Tribute
- Hundreds of miles away, Hurricane Ernesto still affects US beaches with rip currents, house collapse
- Save Big at Banana Republic Factory With $12 Tanks, $25 Shorts & $35 Dresses, Plus up to 60% off Sitewide
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
24 recent NFL first-round picks running out of chances heading into 2024 season
UFC 305 results: Dricus Du Plessis vs. Israel Adesanya fight card highlights
Paris Hilton Speaks Out After “Heartbreaking” Fire Destroys Trailer on Music Video Set
A South Texas lawmaker’s 15
No. 1 brothers? Ethan Holliday could join Jackson, make history in 2025 MLB draft
Sydney Sweeney's Cheeky Thirst Trap Is Immaculate
RFK Jr. wants the U.S. Treasury to buy $4M worth of Bitcoin. Here's why it might be a good idea.