Current:Home > ScamsUAW appears to be moving toward a potential deal with Ford that could end strike-VaTradeCoin
UAW appears to be moving toward a potential deal with Ford that could end strike
best strategies for lotradecoin trading View Date:2024-12-26 10:48:49
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! (842)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Want to Help Reduce PFC Emissions? Recycle Those Cans
- These 25 Amazon Prime Day 2023 Deals Are Big Sellout Risks: Laneige, Yeti, Color Wow, Kindle, and More
- The Energy Department Hails a Breakthrough in Fusion Energy, Achieving a Net Energy Gain With Livermore’s Vast Laser Array
- She grew up in an Arizona church community. Now, she claims it was actually a religious cult.
- Annoyed by a Pimple? Mario Badescu Drying Lotion Is 34% Off for Amazon Prime Day 2023
- “Strong and Well” Jamie Foxx Helps Return Fan’s Lost Purse During Outing in Chicago
- Reese Witherspoon Addresses Speculation About Her Divorce From Jim Toth
- Stock market today: Asian stocks are mixed ahead of key US inflation data
- Turning unused office space into housing could solve 2 problems, but it's tricky
Ranking
- Google forges ahead with its next generation of AI technology while fending off a breakup threat
- 3 lessons past Hollywood strikes can teach us about the current moment
- Corn Nourishes the Hopi Identity, but Climate-Driven Drought Is Stressing the Tribe’s Foods and Traditions
- Amazon Prime Day Rare Deal: Get a Massage Therapy Gun With 14,000+ 5-Star Reviews for Just $32
- Taxpayers could get $500 'inflation refund' checks under New York proposal: What to know
- A former teen idol takes on crypto
- A first-class postal economics primer
- Wildfires in Greece prompt massive evacuations, leaving tourists in limbo
Recommendation
-
Sabrina Carpenter Shares Her Self
-
Amazon Prime Day 2023 Flash Deal: 52% Off a Revlon Heated Brush That Dries and Styles at the Time Same
-
Zayn Malik's Call Her Daddy Bombshells: Gigi Hadid Relationship, Yolanda Hadid Dispute & More
-
Take 42% Off a Portable Blender With 12,200+ 5-Star Amazon Reviews on Prime Day 2023
-
The brewing recovery in Western North Carolina
-
A mom owed nearly $102,000 for her son's stay in a state mental health hospital
-
Wet socks can make a difference: Tips from readers on keeping cool without AC
-
Take 42% Off a Portable Blender With 12,200+ 5-Star Amazon Reviews on Prime Day 2023