Detroit, Michigan – The United Auto Workers (UAW) union has reached a tentative agreement with Ford Motor Company. It is the union’s second agreement with the domestic automakers, following ratification of a contract with General Motors.
“This tentative agreement adds another 5,750 new jobs to communities across America where people have been struggling to recover from our nation’s economic turmoil,” said UAW president Bob King. “These new UAW jobs mean more than 12,000 new jobs in total with jobs previously announced by Ford. Many of these jobs will be added by the end of 2012, and all will be added during the term of the new contract. Last week, the UAW and General Motors Co. announced the creation of 6,400 jobs at GM. The American auto industry is on its way back.”
The proposed agreement also includes US$16 billion in investment to produce new and upgraded models and components by 2015, of which $6.3 billion will be invested directly into retooling and upgrading plants.
The UAW represents 41,000 hourly and salary workers at 27 Ford assembly and manufacturing facilities in the U.S. The union said it would make the full terms of the contract public once its members vote on ratification.
The UAW ratified its agreement with GM on September 28, and its current contract with Chrysler has been extended, with negotiations ongoing.