A tentative agreement could be announced as early as Wednesday night, pending approval of local UAW leaders, sources told CNBC.
The United Auto Workers union and Ford Motor have agreed in principle to the terms of a tentative agreement that would end a nearly six-week strike at the automaker.
The automaker and the union participated in intense bargaining Tuesday and Wednesday in an attempt to finalize a record deal, according to the sources.have agreed in principle to the terms of a tentative agreement that would end a nearly six-week strike at the automaker, sources with knowledge of the discussions confirmed Wednesday to CNBC.
Any deal would still need to be ratified by a simple majority of Ford's 57,000 union-represented workers.The automaker and the union participated in intense bargaining Tuesday and Wednesday in an attempt to finalize a record deal, according to the sources. The talks this week involved a proposal for wage increases of at least 25% over the term of the deal as well asMore convenient form of breakthrough Alzheimer's drug Leqembi shows promising results in studyhave been locked in negotiations largely around the economics of the deals since the sides failed to reach new contracts covering 146,000 autoworkers by a Sept 14 deadline.
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