Current:Home > InvestUAW appears to be moving toward a potential deal with Ford that could end strike-DB Wealth Institute B2 Expert Reviews
UAW appears to be moving toward a potential deal with Ford that could end strike
View Date:2024-12-23 12:08:31
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! (92)
Related
- KFC sues Church's Chicken over 'original recipe' fried chicken branding
- Salman Rushdie’s alleged assailant won’t see author’s private notes before trial
- Shocking video shows lightning strike near a police officer's cruiser in Illinois
- Cute Sandals Alert! Shop the Deals at Nordstrom's Anniversary Sale 2024 & Save on Kenneth Cole & More
- John Krasinski is People's Sexiest Man Alive. What that says about us.
- How is Scott Stapp preparing for Creed's reunion tour? Sleep, exercise and honey
- Darden Restaurants, owner of Olive Garden, to acquire Tex-Mex chain Chuy's for $605 million
- TikToker Tianna Robillard Accuses Cody Ford of Cheating Before Breaking Off Engagement
- John Krasinski is People's Sexiest Man Alive. What that says about us.
- Boxer Ryan Garcia has been charged for alleged vandalism, the Los Angeles DA announced
Ranking
- Denver district attorney is investigating the leak of voting passwords in Colorado
- Obama, Pelosi and other Democrats make a fresh push for Biden to reconsider 2024 race
- British Open 2024 recap: Daniel Brown takes lead from Shane Lowry at Royal Troon
- Map shows states where above-normal temperatures are forecast to continue this fall
- Bowl projections: SEC teams joins College Football Playoff field
- 'Love Island USA' complete guide: How to watch, finale date, must-know terminology
- Republicans emerge from their convention thrilled with Trump and talking about a blowout victory
- Alabama death row inmate Keith Edmund Gavin executed in 1998 shooting death of father of 7
Recommendation
-
School workers accused of giving special needs student with digestive issue hot Takis, other abuse
-
Shannen Doherty finalizes divorce hours before death
-
Priscilla Presley sues former associates, alleging elder abuse and financial fraud
-
Michael Strahan's daughter Isabella shares she's cancer free: 'I miss my doctors already'
-
Pedro Pascal's Sister Lux Pascal Debuts Daring Slit on Red Carpet at Gladiator II Premiere
-
Kate Hudson Addresses Past Romance With Nick Jonas
-
Tiger Woods in danger of missing cut at British Open again after 8-over 79 at Royal Troon
-
Kid Rock teases Republican National Convention performance, shows support for Donald Trump