| 4:06 PM EST

UAW Touts Progress in Ford Contract Talks

#Ford #Morgan #GeneralMotors


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The United Auto Workers union—now 18 days into a strike against General Motors Co. over a new labor contract—says negotiations with Ford Motor Co. are “progressing very well.”

Rory Gamble, who heads the UAW’s Ford department, tells union leaders that 18 of 20 subcommittees have reached tentative agreements on company-specific issues. Such matters are separate from industrywide questions that include pay and benefits and will be part of the pattern agreement currently being negotiated between GM and the UAW.

Gable’s comments signal that a contract with Ford could be accomplished quickly after the union reaches a deal with GM.

UAW negotiators rejected GM’s latest proposal on Monday but have continued to hold lengthy bargaining sessions with the company. LMC Automotive estimates the strike has cut production by 180,000 vehicles to date. JP Morgan estimates the strike is costing GM about $82 million per day.

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