Tags: Autos | Contract Talks | Ford

Ford Workers Ratify New UAW Contract

Tuesday, 18 Oct 2011 07:59 PM

Ford Motor Co.'s U.S. factory workers have approved a new four-year labor contract.

Workers in Louisville, Ky., approved the agreement Tuesday, according to a post on the Louisville local's Facebook page. That was the last large local to vote, and it ensures the agreement will go into effect.

The contract covers 41,000 Ford workers in the U.S. The automaker and the UAW reached the agreement Oct. 4, but it needed to be ratified by workers.

Most workers won't get annual raises under the contract, but they will get profit-sharing checks. They'll also get a $6,000 bonus for approving the agreement and billions in investments in their plants.

Workers at General Motors Co. approved a similar contract last month. Chrysler Group workers began voting on their own contract Tuesday.

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Ford Motor Co.'s U.S. factory workers have approved a new four-year labor contract.Workers in Louisville, Ky., approved the agreement Tuesday, according to a post on the Louisville local's Facebook page. That was the last large local to vote, and it ensures the agreement...
Autos,Contract Talks,Ford
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