Proactive Investors - Unifor, the union representing Canada’s autoworkers, is continuing to bargain with Ford Motor (NYSE:F) Co ahead of the strike deadline of 11:59 PM EDT on Monday night.
The union stated they made some progress at the bargaining table over the weekend but remain far apart on many issues, noting it has rejected the first two offers from Ford.
In August, Unifor National President Lana Payne announced that Ford would be the union’s target company in this year’s contract negotiations.
"Pensions remain our top priority in these talks," Payne told her members on Thursday.
Unifor has 5,680 members at Ford, 5,780 at GM, and 8,230 at Stellantis.
The union is negotiating with Ford in hopes of reaching an agreement that can be used as a blueprint for workers at General Motors (NYSE:GM) and Stellantis, The Canadian Press reported.
Unifor members at Ford have voted 98.9% in favour of a strike if the bargaining committee fails to secure a new collective agreement.
It is the first time since 2009 that the Canadian and US auto unions have negotiated at the same time in a previously unscheduled round of bargaining.
Ford has not had a labour strike in Canada since 1990 and not since 1978 in the US.
Shares of Ford Motor Co eased 2.5% to $12.30 in late-afternoon trading on Monday.