With a deadline looming just before midnight, the United Auto Workers union and Detroit’s three automakers are far apart in contract talks and the union is preparing to strike.
"It’s hard to negotiate a contract when there’s no one to negotiate with,” Farley said, wondering out loud whether Fain was too busy planning strikes or events aimed at getting publicity.
Ford said that if the UAW's wage and other demands had been in effect over the past four years, the company would have lost $14 billion.The union president said it is still possible that all 146,000 UAW members could walk out but that the union will begin by striking at a limited number of plants. The UAW started out demanding 40% raises over the life of a four-year contract, or 46% when compounded annually. Initial offers from the companies fell far short of those figures. The union later lowered its demand to around 36%.
“We know a strong GM is important to all of us,” GM CEO Mary Barra wrote in a letter to workers Thursday. “We are working with urgency and have proposed yet another increasingly strong offer with the goal of reaching an agreement tonight.” “It’ll go down to the wire, and there won’t be an agreement until the final moment, if there is one at all,” he said.
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