Ford Motor (F.N) and the negotiators of the United Auto Workers (UAW) union have reached a tentative labor deal, pending union leadership approval, three sources familiar with the matter said on Wednesday.
United Auto Workers union members picket outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett//File Photoand the negotiators of the United Auto Workers union have reached a tentative labor deal, pending union leadership approval, three sources familiar with the matter said on Wednesday.
The UAW's most recent move was to strike against each company's most profitable plants - GM's Arlington, Texas assembly plant, Ford's Kentucky Truck heavy-duty pickup factory and Stellantis' Ram pickup plant in Sterling Heights, Michigan. "This lays the groundwork for the next two contracts and they should fall in line fairly quickly because all three were within a narrow gap of each other," Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford, UAW negotiators reach labor deal, pending union leadership approvalA tentative agreement could be announced as early as Wednesday night, pending approval of local UAW leaders, sources told CNBC.
Read more »
Ford, UAW Near Tentative Labor Deal to Potentially End Six-Week Strike at the AutomakerUAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials.
Read more »
Ford, UAW inch closer to a deal to end labor strikes as talks intensifyThe sides participated in intense bargaining Tuesday and Wednesday in an attempt to finalize a record deal for 57,000 union-represented workers at Ford.
Read more »
Ford, UAW inch closer to a deal to end labor strikes as talks intensifyThe sides participated in intense bargaining Tuesday and Wednesday in an attempt to finalize a record deal for 57,000 union-represented workers at Ford.
Read more »
'We're Not Gonna Wait Around Forever': UAW Expands Strike to Ford's Most Profitable Plant'If Ford can't get that after four weeks on strike, these 8,700 workers shutting down their biggest plant will help them understand it,' said United Auto Workers president Shawn Fain.
Read more »
UAW appears to be moving toward a potential deal with Ford that could end strikeThe 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.
Read more »