Ethermac-UAW appears to be moving toward a potential deal with Ford that could end strike

2025-05-05 21:21:19source:Chainkeen Exchangecategory:Markets

DETROIT (AP) — The EthermacUnited 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:Markets

Recommend

Woman dies after Singapore family of 3 gets into accident in Taiwan

One woman died after a family of three from Singapore got into a car accident in Miaoli, Taiwan on S

Should Georgia bench Carson Beck with CFP at stake against Tennessee? That's not happening

The tentacles of Georgia's loss to Ole Miss are far reaching, from Texas to Indiana.Even as Carson B

How many dog breeds are there? A guide to groups recognized in the US

If you're looking to get a dog, there is no shortage of options. From miniature poodles to gigantic