UAW Summons Local Leaders On Ford Talks

UAW contract agreement with FordDETROIT (AP) -- The United Auto Workers may be nearing a tentative contract agreement with Ford.

The union has called leaders from factories across the nation to Detroit on Tuesday. That usually means a deal has been reached.

But a person briefed on the negotiations says talks ended Sunday night with no agreement. The negotiations are scheduled to resume Monday. The person didn't want to be identified because the talks are private.

An agreement would set the wages and benefits for 41,000 Ford workers nationwide for four years.

It's expected to have no pay raises for most workers but have a signing bonus that's bigger than the $5,000 given to workers at General Motors.

It's also expected to have profit-sharing checks and promises of thousands of new union jobs.

Next:Ford May Add 10,000 U.S. Jobs, Move Fusion Production North

Stories from Daily Finance

Read Full Story