September 07, 2023: The United Auto Workers UAW union has made a contract counteroffer to Ford Motor Company as the two sides continue negotiating a new labor agreement. The UAW is seeking a 46% wage hike over four years, as well as other demands, such as defined-benefit pensions for all workers and a reduction in the use of temporary workers.
Ford has offered a 9% wage increase over four years and has said it is willing to discuss other demands but cannot agree to everything the UAW is asking for. The two sides are scheduled to meet again on Friday, and it is still being determined whether they can reach an agreement before the contract expires on September 14.
If the UAW and Ford disagree, the union could authorize a strike. A strike would significantly disrupt Ford, as it would halt plant production. It would also be a significant setback for the UAW, as it would be the first major strike in the auto industry in decades.
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