Current:Home > MarketsSignalHub-UAW appears to be moving toward a potential deal with Ford that could end strike -SovereignWealth
SignalHub-UAW appears to be moving toward a potential deal with Ford that could end strike
Surpassing Quant Think Tank Center View
Date:2025-04-11 08:28:50
DETROIT (AP) — The SignalHubUnited 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! (968)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- NFL Week 7 picks: Will Dolphins or Eagles triumph in prime-time battle of contenders?
- Peru imposes harsh penalties for stealing cellphones, including life in prison
- Julia Fox says dating Ye felt like having 'two babies': 'So unsustainable'
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Why Tennis Champ Naomi Osaka and Boyfriend Cordae Are Sparking Breakup Rumors Months After Welcoming Baby
- Baltimore firefighter dies and 4 others are injured battling rowhouse fire
- Toy Hall of Fame: The 'forgotten five' classic toys up for induction and how fans can vote
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Cherelle Griner Honors Wife Brittney Griner in Birthday Tribute Nearly a Year After Captivity Release
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Travis King, solider who crossed border into North Korea, charged with desertion
- Four Pepperdine University students killed in crash on California highway, driver arrested
- Calum Scott thanks Phillies fans after 'Dancing On My Own' hits 1 billion streams
- Federal hiring is about to get the Trump treatment
- EU demands Meta and TikTok detail efforts to curb disinformation from Israel-Hamas war
- Intel bulletin says terror groups are calling on supporters to target U.S., Israeli interests amid Israel-Hamas conflict
- Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Drones attack a US military base in southern Syria and there are minor injuries, US officials say
Spurs coach Gregg Popovich 'thought about getting booted' so he could watch WNBA finals
Soccer Star Ali Krieger Enters Beyoncé Lemonade Era Amid Ashlyn Harris, Sophia Bush Romance
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Ukraine’s parliament advances bill seen as targeting Orthodox church with historic ties to Moscow
AP Week in Pictures: Asia
Protesters on Capitol Hill call for Israel-Gaza cease-fire, hundreds arrested