trending Market Intelligence /marketintelligence/en/news-insights/trending/E-HttXmn_GPOYHc_9hvUqw2 content esgSubNav
In This List

UAW: 'Significant progress' made in Ford negotiations amid GM strike

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


UAW: 'Significant progress' made in Ford negotiations amid GM strike

The United Auto Workers said Oct. 3 it made "significant progress" in negotiations with Ford Motor Co. as the union is still working on a bargaining deal with General Motors Co. amid an ongoing strike.

Union contracts for GM, Ford and Fiat Chrysler Automobiles NV expired Sept. 14, but the UAW extended its contracts with Ford and Fiat Chrysler after choosing GM as the template for negotiations.

However, approximately 48,000 of GM's UAW-represented workers went on strike Sept. 16 after the two parties failed to reach an agreement. The strike, which entered its third week on Sept. 30, was estimated to cost the automaker anywhere from $50 million to $100 million a day. GM said in an email that it continues to work "hard to reach an agreement that builds a stronger future for our employees and our business."

Ford did not immediately respond to a request for comment.

The UAW said in a news release that 18 of the 20 subcommittees have reached tentative agreements in Ford negotiations as the automaker waits for GM's contract to be ratified first.

"Only patterned or large economic items remain open for discussion," said Rory Gamble, vice president and director of the UAW's National Ford Department.

Gamble said details of the ongoing negotiations could not be disclosed.

"While the UAW-GM bargaining team continue to set the pattern by negotiating first, we remain ready and able to complete our negotiations when called upon," Gamble said. "We are currently developing a plan to deliver a transparent and factual tentative agreement roll out so all members can make an important and much valued ratification decision."