Current:Home > StocksUAW appears to be moving toward a potential deal with Ford that could end strike -RiskRadar
UAW appears to be moving toward a potential deal with Ford that could end strike
View
Date:2025-04-16 05:55:18
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! (63142)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Advocates in Georgia face barriers getting people who were formerly incarcerated to vote
- Netflix's 'Heartstopper' tackled teen sex. It sparked an important conversation.
- Whether to publicly say Trump’s name becomes issue in Connecticut congressional debate
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Selena Gomez Seemingly Includes Nod to Taylor Swift and Travis Kelce in Only Murders in the Building
- Jennifer Lopez says divorce from Ben Affleck was 'probably the hardest time of my life'
- Jax Taylor Makes Surprise House of Villains Return—And Slams One Former Costar
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Ethel Kennedy, social activist and widow of Robert F Kennedy, has died
Ranking
- 'Most Whopper
- Opinion: Milton forced us to evacuate our Tampa home. But my kids won't come out unscathed.
- Boost Your Forex Trading Success with Forex Broker Reviews (reviews-broker.com)
- Rafael Nadal Tearfully Announces His Retirement From Tennis
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Jana Duggar Shares Rare Update on Time Spent With Her Family
- How do I show my worth and negotiate the best starting salary? Ask HR
- Sean ‘Diddy’ Combs to make first appearance before trial judge in sex trafficking case
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
CBS' handling of contentious 'Mornings' segment with Ta-Nehisi Coates raises new questions
Youngest NFL coaches 2024: Mike Macdonald replaces Sean McVay atop list
'Do not do this': Dog tied to fence as Hurricane Milton advances highlights pet danger
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
13-year-old walked away from his mom at Arizona car wash. A month later, he's still missing.
Keanu Reeves, Sandra Bullock reunite to talk surviving 'Speed,' 30 years later
Oh Boy! Disney’s Friends & Family Sale Is Here With 25% off Star Wars, Marvel & More Holiday Collections