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Are Ford and UAW Ready to Announce a Deal?

Senior union leaders summoned to Detroit Tuesday morning.

by on Oct.03, 2011

UAW Pres. Bob King shakes hands with Ford Chairman Bill Ford as negotiations open in July.

Are Ford and the United Auto Workers Union ready to announce a deal on a new 4-year contract?

There are certainly signs that an agreement is at hand, the UAW calling senior local leaders to Detroit for a Tuesday morning meeting that sources indicate will be used to discuss a tentative agreement.  The likely settlement is expected to at least match the gains both General Motors and the union each claimed in the settlement they reached last month – though Ford is also expected to provide a slightly larger bonus to its hourly employees.

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Negotiations, meanwhile, continue at Chrysler, though there are indications the two sides have hit some significant stumbling blocks over issues that include a desired up-front “signing bonus,” as well as an increase in wages for second-tier hourly employees currently earning just half of what veteran Chrysler employees get.

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