UAW is now planning to focus on GM and Stellantis since the labor union group already reached a tentative deal with Ford.
The American labor organization is expecting that what it has now with Ford will pressure the two remaining automakers to give in to its demands.
But, will General Motors and Stellantis really provide what the United Auto Workers union is asking for? Here are the latest updates.
UAW To Focus on GM, Stellantis After Reaching Tentative Deal With Ford
According to Yahoo Finance's latest report, UAW members who are working at Ford are expected to go back to their operations since a tentative labor deal was already achieved on Wednesday, Oct. 25.
While the pickup truck manufacturer is trying to bounce back from the negative impacts caused by the recent UAW strikes, Stellantis and General Motors are still in a situation where they need to cooperate with UAW's leadership.
UAW Vice President Chuck Browning said that the current situation they are in is the right moment to get the best deal possible from Stellantis and General Motors.
"Like everything we've done during this 'stand-up' strike, this is a strategic move to get the best deal possible," said Browning.
"We're going back to work at Ford to keep the pressure on Stellantis and GM. The last thing they want is for Ford to get back to full capacity while they mess around and lag behind," added the UAW leader via CNBC.
About Ford-UAW Tentative Labor Deal
As of writing, it is still unclear if GM and Stellantis will really feel the pressure from UAW.
While these two automakers are waiting for the next steps of the labor union, Ford is quite pleased with the tentative deal it reached with the United Auto Workers.
The pickup truck maker's shares went up by around 2% during the after-hours of the deal. Its stock also closed at $11.54 per share on Oct. 25, which is 1.3% higher than the recent value.
The UAW-Ford tentative deal includes 25% pay increases over the terms of the agreement. Aside from this, it will also cumulatively raise the top wage to over $40 per hour.
Another benefit that this tentative deal offers to Ford employees is an increase of 68% in starting wages to over $28 per hour.
Ford said that since it is already okay with the United Auto Workers, it will now focus on restarting production at the Kentucky Truck Plant, the Chicago Assembly Plant, and the Michigan Assembly Plant.
