Current:Home > FinanceUAW appears to be moving toward a potential deal with Ford that could end strike -Secure Horizon Growth
UAW appears to be moving toward a potential deal with Ford that could end strike
View
Date:2025-04-14 20:42:16
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! (2457)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Everything You Need for a Backyard Movie Night
- It takes a few dollars and 8 minutes to create a deepfake. And that's only the start
- Americans snap up AC units, fans as summer temperatures soar higher than ever
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- 5 ways the fallout from the banking turmoil might affect you
- Get a Next-Level Clean and Save 58% On This Water Flosser With 4,200+ 5-Star Amazon Reviews
- Oppenheimer 70mm film reels are 600 pounds — and reach IMAX's outer limit due to the movie's 3-hour runtime
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Two Lakes, Two Streams and a Marsh Filed a Lawsuit in Florida to Stop a Developer From Filling in Wetlands. A Judge Just Threw it Out of Court
Ranking
- The White House is cracking down on overdraft fees
- Locals look for silver linings as Amazon hits pause on its new HQ
- Producer sues Fox News, alleging she's being set up for blame in $1.6 billion suit
- Oppenheimer 70mm film reels are 600 pounds — and reach IMAX's outer limit due to the movie's 3-hour runtime
- Sonya Massey's father decries possible release of former deputy charged with her death
- The U.S. Naval Academy Plans a Golf Course on a Nature Preserve. One Maryland Congressman Says Not So Fast
- It's impossible to fit 'All Things' Ari Shapiro does into this headline
- Ex-Florida lawmaker behind the 'Don't Say Gay' law pleads guilty to COVID relief fraud
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
As Lake Powell Hits Landmark Low, Arizona Looks to a $1 Billion Investment and Mexican Seawater to Slake its Thirst
By 2050, 200 Million Climate Refugees May Have Fled Their Homes. But International Laws Offer Them Little Protection
Got a question for Twitter's press team? The answer will be a poop emoji
The Best Stocking Stuffers Under $25
Bethenny Frankel's Daughter Bryn, 13, Is All Grown Up in Rare TV Appearance
Influencer says Miranda Lambert embarrassed her by calling her out — but she just wanted to enjoy the show
It Was an Old Apple Orchard. Now It Could Be the Future of Clean Hydrogen Energy in Washington State