Current:Home > InvestUAW appears to be moving toward a potential deal with Ford that could end strike -Aspire Financial Strategies
UAW appears to be moving toward a potential deal with Ford that could end strike
View
Date:2025-04-16 01:46:56
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! (4798)
Related
- South Korean president's party divided over defiant martial law speech
- Taylor Swift sings with 'producer of the century' Jack Antonoff in London
- Missouri man makes life-or-death effort to prove innocence before execution scheduled for next month
- How well do you know the US Open? Try an AP quiz about the year’s last Grand Slam tennis tournament
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- How Leroy Garrett Felt Returning to The Challenge Weeks After Daughter Aria’s Birth
- Vance and Walz are still relatively unknown, but the governor is better liked, an AP-NORC poll finds
- Questions remain as tech company takes blame for glitch in Florida county election websites
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Iowa abortion providers dismiss legal challenge against state’s strict law now that it’s in effect
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Spanish woman believed to be the oldest person in the world has died at age 117
- FTC’s bid to ban noncompete agreements rejected by federal judge in Texas
- 23 indicted in alleged schemes to smuggle drugs, phones into Georgia prisons with drones
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Taylor Swift sings with 'producer of the century' Jack Antonoff in London
- Nebraska lawmakers pass bills to slow the rise of property taxes. Some are pushing to try harder.
- South Carolina deputy charged with killing unarmed man and letting police dog maul innocent person
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
This Country Voted to Keep Oil in the Ground. Will It Happen?
Is Ford going to introduce a 4-door Mustang? Dealers got a preview of the concept
Trump is set to hold his first outdoor rally since last month’s assassination attempt
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Stock market today: Wall Street slips and breaks an 8-day winning streak
Pumpkin Spice Latte officially back at Starbucks this week: Plus, a new apple-flavored drink
Montana becomes 8th state with ballot measure seeking to protect abortion rights