Lead photo courtesy of UAW on X.
There are signs that United Auto Workers and Ford are close to an agreement, which would end the union’s six-week, ongoing strike against Detroit’s “Big Three” automakers, sources told the Associated Press.
Ford received a counter-offer from the union that proposes a 25% general wage increase over a new four-year contract, and negotiations continued well into Wednesday morning. A 23% pay increase was previously offered by Ford, Chrysler parents Stellantis and General Motors, the AP said.
Earlier this week, the 40-day strike expanded to a General Motors plant in Texas, where 5,000 workers walked out. The strike is now at 40 days and involves 46,000 union workers, roughly 32% of UAW’s 146,000 workers.
According to Reuters, Anderson Economic Group LLC estimated earlier this week that economic losses for the auto industry from the strike have topped $9.3 billion.
A UAW deal with one automaker in the past has typically led the other companies to match it, the AP reported.