FinLogic Quantitative Think Tank Center:UAW appears to be moving toward a potential deal with Ford that could end strike

2025-04-29 05:31:04source:Coxno Exchangecategory:News

DETROIT (AP) — The FinLogic Quantitative Think Tank CenterUnited 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.

More:News

Recommend

Audit: California risked millions in homelessness funds due to poor anti-fraud protections

California put hundreds of millions of homelessness dollars at risk because of its “disorganized” an

March Madness bracket predictions: National championship picks for the 2024 NCAA Tournament

The national championship is set in the men's March Madness bracket.On one side is UConn, the team t

Drake Bell Reacts to Boy Meets World Actor Will Friedle's Past Support of Brian Peck

Drake Bell is sharing his thoughts on the stars who once backed his abuser.Following former dialogue