General Motors said Thursday it had made a counteroffer to the United Auto Workers (UAW) in a bid to end a strike by the union against the U.S. automaker.
Separately, UAW President Shawn Fain plans an update on the status of the talks with the Detroit Three automakers at 2 p.m. EDT on Friday in the three-week-old strike.
GM said the offer was its sixth since talks between the sides began. The UAW said on Monday it presented a new contract offer to GM. GM said on Monday that despite the offer, "significant gaps remain." Reuters reported on Wednesday that negotiators for the UAW and Ford have narrowed their differences on pay increases after a new offer from the automaker amid "really active" talks, according to people familiar with the bargaining.
Ford said on Tuesday it had made a "comprehensive" new offer that included a "more than 20% general wage increase, not compounded" with a double-digit increase in the first year. Ford did not elaborate.
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