November 15, 2007

Ford Motor Company confirms labour agreement with UAW

Dearborn, Michigan – The Ford Motor Company has confirmed that its new four-year national labour agreement, tentatively reached on November 3, has been ratified by employees represented by the United Auto Workers Union (UAW).

The now-final agreement covers approximately 54,000 employees in the United States.

“We are pleased that our employees have voted to accept and finalize our new Collective Bargaining Agreement,” said Alan Mulally, Ford president and CEO. “This agreement is proof that by working together with our UAW partners, it is possible to find solutions that collectively benefit our employees, retirees and the company. This contract will provide significant opportunities for the company’s long-term competitiveness, and that is good for all of us.”

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