Current:Home > FinanceAlgosensey|UAW appears to be moving toward a potential deal with Ford that could end strike -FundPrime
Algosensey|UAW appears to be moving toward a potential deal with Ford that could end strike
NovaQuant View
Date:2025-04-10 12:11:59
DETROIT (AP) — The AlgosenseyUnited 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! (12)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- With early Alzheimer's in the family, these sisters decided to test for the gene
- Fumes from Petroleum Tanks in this City Never Seem to Go Away. What Are the Kids Here Breathing?
- China, India Lead the Developing World in Green Building
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Crazy Rich Asians Star Henry Golding's Wife Liv Lo Is Pregnant, Expecting Baby No. 2
- Arctic Report Card: Lowest Sea Ice on Record, 2nd Warmest Year
- 7 fun facts about sweat
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Pence officially files paperwork to run for president, kicking off 2024 bid
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Today’s Climate: May 31, 2010
- Priyanka Chopra Shares How Nick Jonas “Sealed the Deal” by Writing a Song for Her
- In the Outer Banks, Officials and Property Owners Battle to Keep the Ocean at Bay
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- SEC sues crypto giant Binance, alleging it operated an illegal exchange
- Pete Davidson Mourns Death of Beloved Dog Henry
- The U.S. diet is deadly. Here are 7 ideas to get Americans eating healthier
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
With early Alzheimer's in the family, these sisters decided to test for the gene
Judge agrees to reveal backers of George Santos' $500,000 bond, but keeps names hidden for now
EPA Science Advisers Push Back on Wheeler, Say He’s Minimizing Their Role
Global Warming Set the Stage for Los Angeles Fires
Alberta’s New Climate Plan: What You Need to Know
Long COVID and the labor market
4 exercises that can prevent (and relieve!) pain from computer slouching and more