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UAW plans to make contract counteroffer to Ford - source
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(Reuters) — The United Auto Workers union on Wednesday plans to make a labor contract counterproposal on economic issues to Ford Motor (NYSE:F), 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:GM) on Thursday, added the source, who spoke on condition of anonymity.
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