UAW Makes Headway in Labor Talks with Detroit Three, But No Agreement Yet

The United Auto Workers (UAW) union has made some progress in labor negotiations with the Detroit Three automakers, but a deal has not been reached yet, according to UAW President Shawn Fain. The potential strike of 146,000 U.S. autoworkers is only three days away. While Chrysler-parent Stellantis plans to make a counteroffer, the UAW rejected revised offers from Stellantis, General Motors (GM), and Ford Motor (F) on Friday. The UAW initially sought a 20% wage hike but has since trimmed it down to around 36% in total. Key demands from the union include job security guarantees, restoring defined-benefit pensions for all workers, and an end to the use of temporary workers.