Current:Home > StocksUAW appears to be moving toward a potential deal with Ford that could end strike -Momentum Wealth Path
UAW appears to be moving toward a potential deal with Ford that could end strike
View
Date:2025-04-26 08:19:35
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! (876)
Related
- Don't let hackers fool you with a 'scam
- Father of Kaylee Goncalves, one of four murdered University of Idaho students, says there is evidence his daughter fought back
- Explosion at Union Pacific railyard in Nebraska prompts evacuations because of heavy toxic smoke
- Dominican Republic to close all borders despite push to resolve diplomatic crisis
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Why are the Jets 'cursed' and Barrymore (kind of) canceled? Find out in the news quiz
- Bangladesh is struggling to cope with a record dengue outbreak in which 778 people have died
- Recent floods heighten concerns that New England dams may not be built for climate-induced storms
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- GOP candidate’s wife portrays rival’s proposed pay raise for school personnel as unfeasible
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- 'I'm a grown man': Deion Sanders fires back at Colorado State coach Jay Norvell's glasses remark
- Manhunt ends after Cavalcante capture, Biden's polling low on economy: 5 Things podcast
- NASA UFO press conference livestream: Watch scientists discuss findings of UAP report
- The Daily Money: Spending more on holiday travel?
- He couldn’t see his wedding. But this war-blinded Ukrainian soldier cried with joy at new love
- Police detain 233 people for alleged drug dealing at schools in Albania
- Delegation from Yemen’s Houthi rebels flies into Saudi Arabia for peace talks with kingdom
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
What started as flu symptoms leads to Tennessee teen having hands, legs amputated
Pentagon says surveillance flights, not counterterrorism ops, have restarted in Niger
China welcomes Cambodian and Zambian leaders as it forges deeper ties with Global South
Could your smelly farts help science?
On movie screens in Toronto, home is a battleground
Protective moose with calf tramples hiker in Colorado
Iraq steps up repatriations from Islamic State camp in Syria, hoping to reduce militant threats