Current:Home > reviewsUAW appears to be moving toward a potential deal with Ford that could end strike -Visionary Wealth Guides
UAW appears to be moving toward a potential deal with Ford that could end strike
EchoSense Quantitative Think Tank Center View
Date:2025-04-07 00:31:35
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
- What do we know about the mysterious drones reported flying over New Jersey?
- California begins 2024 with below-normal snowpack a year after one of the best starts in decades
- Trump’s vows to deport millions are undercut by his White House record and one family’s story
- Dalvin Cook, Jets part ways. Which NFL team could most use him for its playoff run?
- Global Warming Set the Stage for Los Angeles Fires
- These jobs saw the biggest pay hikes across the U.S. in 2023
- Marvel Actress Carrie Bernans Hospitalized After Traumatic Hit-and-Run Incident
- Elections head in Nevada’s lone swing county resigns, underscoring election turnover in key state
- Travis Hunter, the 2
- To become the 'Maestro,' Bradley Cooper learned to live the music
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- FBI investigates deadly New Year's Day crash in Rochester, NY. What we know
- Dan Campbell has finally been Lionized but seems focused on one thing: Moving on
- These 20 Shopper-Loved Cleaning Essentials Will Have Your Home Saying, New Year, New Me
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- What to know about keeping children safe — and warm — in the car during the winter
- Housing, climate change, assault weapons ban on agenda as Rhode Island lawmakers start new session
- Soccer stars Crystal Dunn and Tierna Davidson join NWSL champs Gotham FC: Really excited
Recommendation
The Daily Money: Spending more on holiday travel?
Marvel Actress Carrie Bernans Hospitalized After Traumatic Hit-and-Run Incident
‘Bachelorette’ Rachel Lindsay’s husband, Bryan Abasolo, files for divorce after 4 years of marriage
'Vanderpump Villa': Watch teaser for Lisa Vanderpump's dramatic new reality TV series
A South Texas lawmaker’s 15
Missouri governor bans Chinese and Russian companies from buying land near military sites
New tech devices for the holidays? Here's how to secure your privacy
Coach-to-player comms, sideline tablets tested in bowl games, but some schools decided to hold off