Sunday, October 16, 2011

Ford, UAW reach tentative contract pact

Ford and UAW leaders have reached a tentative agreement on a new four-year contract. Insight with John Fleming, Ford Motor Company executive VP global manufacturing/labor affairs.


Ford Motor Co. and its unionized workers settled on a tentative four-year contract agreement that the automaker said Tuesday would add 12,000 hourly jobs in the U.S. by 2015.


Ford said the pact would add 5,750 more jobs than its previously announced commitment to increase positions by 7,000 by 2012. The carmaker also said it would invest $4.8 billion in its plants as part of the deal with the UAW. That’s part of a $6.2 billion plan to upgrade plants.


The deal still needs to be ratified by the United Auto Workers. If it does OK the pact, it would follow the agreement with GM ratified last week. Chrysler and the UAW are still in talks.


A Ford official told the Associated Press that most of the new hires will be at entry-level wages, which will keep costs down.   

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