OEMs

UAW Counteroffer to Ford Could Soon Lead to Deal: Report

October 25, 2023

The United Auto Workers (UAW) union and Ford could soon reach a tentative labor deal.

The union has reportedly presented Ford with a counteroffer, according to an Oct. 25 AP News article citing two anonymous sources familiar with the matter.

The article says the offer proposes a 25% general wage increase, compared to previous 23% offers from Ford, General Motors, and Stellantis. It also includes cost-of-living adjustments (COLA), the sources said.

Once a tentative agreement is reached with one of the Detroit-area “Big Three,” it will likely set the precedent for agreements with the other automakers, according to the article.

“Negotiations continue,” a Ford spokesman told SMU in an email.

At the time of this article’s publication, the UAW had returned SMU’s request for comment.

Earlier this week, the UAW expanded its stand-up strike, hitting the largest plants of GM and Stellantis. It last expanded the strike against Ford unexpectedly on the evening of Wednesday, Oct. 11, with members striking at Ford’s Kentucky Truck Plant – Ford’s largest one of the biggest auto factories in the world.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.