-
World No.1 Sinner pulls out of Shanghai Masters to delay return
-
Ethiopia's Tigray rebels abandon regional capital as govt advances
-
Red Bull's Verstappen grabs pole position for Bahrain GP
-
Bulgaria's Tsar Samuel returns 'home' after 1,000 years
-
India beat Pakistan in blockbuster as golfer Kim wins 'crazy' gold
-
'Glad it's over': Kim powers to Games gold and military exemption
-
India beat arch-rivals Pakistan to win Asian Games cricket gold
-
After 11 World Cups, football finally comes home for one Indian fan
-
Ethiopia's Tigray rebels abandon regional capital as govt advances: journalist
-
Marc Marquez wins sprint at Japan MotoGP, Martin grabs pole
-
Tom Kim powers to Games gold and exemption from military service
-
Alcaraz fends off Arnaldi to reach Japan Open quarters
-
Split loyalties for Indian football fans at Brazil friendly
-
Antonelli tops times in final practice at Bahrain GP
-
India-Pakistan blockbuster brings cricket fever to Japan baseball field
-
Gauff digs deep to beat Osorio in China Open second round
-
Wong waiting on Rafa after winning Asian Games tennis gold
-
Fresh protests to hit Spain after housing measures defeated
-
With Russia next door and rising costs, Latvia goes to the polls
-
'He's here with me': Japan cycle queen dedicates gold to late brother
-
Penalty hero rues empty seats as Games hosts Japan win football gold
-
Japan Olympic chief says 'lot more' athletes at Games than expected
-
North Korea fires ballistic missile after Seoul's apology demand
-
Asian carmakers besting US rivals at home, China poised to strike
-
US regulator finds Boeing 737 MAX software bug 'not a safety concern'
-
Widgets & Web Offers All-Inclusive Investor Relations Websites for Public Companies, IPOs and SPACs
-
Ohtani 'managing' injuries as Dodgers launch MLB post-season
-
Adams named new US captain to 2030 World Cup
-
Botched US execution leaves murderer unconscious on ventilator: lawyers
-
China a better influence in Latin America than US: poll
-
Cornell rape case exposes sexual violence at US colleges
-
Judge pauses construction of border project in Texas national park
-
France held by Italy in Zidane's homecoming after Olise stunner
-
Belgium's De Bruyne fires double to sink Turkey, France held by Italy
-
Ethiopian pro-government militia claims Tigray airport as regional tensions spike
-
US jobs data boosts stocks as oil prices dip
-
Ohtani shaking off injuries as Dodgers launch MLB post-season
-
US Supreme Court to hear high-stakes climate case
-
Sea levels to rise in California as coastal wave surges up west coast
-
Trump expected to name intel chief Clayton as AI czar: reports
-
New rallies urged in France as protests disrupt over 730 schools
-
Argentina unveils passports-for-investment scheme
-
Djokovic survives China Open scare, Sabalenka starts strong
-
Brazil election debate chaos sparks censorship row
-
King Charles to evoke colonial 'darkest days' on Caribbean tour
-
England's Carse charged by cricket body over nightclub incident
-
Tesla shares jump after global car sales top estimates
-
Amazon vows $1 bn for data center towns, decries 'myths'
-
DR Congo Ebola outbreak killed more than 4,000: official figures
-
Oil prices drop on G7 fuel release, US jobs data boosts stocks
US auto workers union reaches preliminary deal with Ford
The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit's "Big Three" car manufacturers.
The deal, which rank-and-file workers must still approve in a vote, includes a 25 percent wage increase for hourly employees, the United Auto Workers (UAW) union said.
Other key elements include guaranteed cost-of-living adjustments; an elimination of different pay levels or "tiers" that disadvantage junior employees; and a right to strike over plant closures.
"For months we've said that record profits mean record contracts," said UAW President Shawn Fain in a statement. "And UAW family, our Stand Up Strike has delivered."
Ford confirmed the agreement, saying "we are pleased to have reached a tentative agreement on a new labor contract with the UAW covering our US operations."
Also cheering was US President Joe Biden, who hailed an "historic accord," saying "I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight."
Biden made history in September as the first US president to stand on a picket line as he endorsed the UAW's call for "record" contracts in light of record auto industry profits.
The wage increase in the tentative agreement is somewhat lower than the 40 percent sought by Fain when the UAW launched the strike on September 15 in the first ever simultaneous stoppage of Detroit's Big Three (Ford, General Motors and Stellantis).
However, it is much above the nine percent increase Ford initially proposed in August.
"This agreement sets us on a new path to make things right at Ford, at the Big Three, and across the auto industry," Fain said, while stressing that the final decision rests with members.
"We're going to let that democratic process take its course," said Fain, calling the rank-and-file "the highest authority."
Fain said the ratification process will include detailed online presentations and regional meetings.
After rejecting a tentative agreement struck by UAW negotiators, workers at Mack Trucks voted to go on strike earlier this month.
- Expanding strike -
While the initial UAW strike targeted three plants with just 12,700 workers walking out, the union has gradually expanded the action in the ensuing weeks as it has sought a better deal.
More than 45,000 workers were on strike prior to the Ford deal. The UAW has about 146,000 auto workers in the United States.
In just the last two days, the UAW escalated the strike at both Stellantis and GM, taking down key factories in Michigan and Texas that make some of the companies' most profitable vehicles.
Both GM and Stellantis are currently offering 23 percent wage hikes. Fain has argued the companies need to sweeten the deal further in light of union concessions after bankruptcy reorganizations more than a decade ago.
Following a tentative agreement, labor unions sometimes do not end a strike until the accord is ratified by members.
But in a twist, the UAW said Ford workers would return to their shifts to apply pressure to GM and Stellantis.
"This is a strategic move to get the best deal possible," said UAW Vice President Chuck Browning, adding that "the last thing" GM and Stellantis want is for Ford to get back to full capacity while they mess around and lag behind."
T.Germann--VB