© Reuters. The Ford name plate is seen on the interior of the Ford F-150 Lightning pickup truck during a press event in New York City, U.S., May 26, 2021. REUTERS/Brendan McDermid
(Reuters) – The United Auto Workers union on Wednesday plans to make a labor contract counterproposal on economic issues to Ford Motor (NYSE:), a source told Reuters.
Ford said last week it had offered a 9% wage increase through 2027, much less than the 46% wage hike being sought by the union. The UAW expects to receive a proposal from General Motors (NYSE:) on Thursday, added the source, who spoke on condition of anonymity.
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