Current:Home > MarketsUAW appears to be moving toward a potential deal with Ford that could end strike -Blueprint Wealth Network
UAW appears to be moving toward a potential deal with Ford that could end strike
View
Date:2025-04-11 20:01:43
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! (6572)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Georgia man posed as missionary, spent $30 million donated for Bibles, feds say
- Want to live like Gwyneth Paltrow for one night? She's listing her guest house on Airbnb.
- Milwaukee prosecutors charge 14-year-old with fatally shooting fourth-grader
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Taylor Swift Gifts Vanessa and Kobe Bryant's Daughter Bianka Her 22 Hat at Eras Tour
- Tim McGraw Reveals His Daughters Only Want to Sing With Mom Faith Hill
- Usher talks new single 'Good Good,' Vegas residency: 'My 7 o'clock on the dot has changed'
- Trump invites nearly all federal workers to quit now, get paid through September
- Mutinous soldiers in Niger sever military ties with France while president says he’s a hostage
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- A landmark study opens a new possible way for Black Americans to trace their ancestry
- Zimbabwe’s opposition leader tells AP intimidation is forcing voters to choose ruling party or death
- Stores are locking up products to curb shoplifters. How that's affecting paying customers.
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Albuquerque teens accused of using drug deal to rob and kill woman
- Mega Millions jackpot-winning odds are tiny but players have giant dreams
- Milwaukee prosecutors charge 14-year-old with fatally shooting fourth-grader
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Hugh Hefner's Wife Crystal Hefner Is Ready to Tell Hard Stories From Life in Playboy Mansion
A new U.S. agency is a response to the fact that nobody was ready for the pandemic
Remains found in shallow grave in 2007 identified as Florida woman who was never reported missing
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
This week on Sunday Morning (August 6)
FBI gives lie-detector tests to family of missing Wisconsin boy James Yoblonski
Trump's day in court, an unusual proceeding before an unusual audience