UAW members at Ford Motor Co. have voted to approve a new four-year agreement with the automaker. In September, UAW members ratified a four-year contract with General Motors. Workers at Chrysler now are voting on a tentative deal reached earlier this month.
The agreement with Ford will add 5,750 new jobs, bringing to 12,000 the number of new jobs when combined with recent announcements from Ford. UAW President Bob King says:
As the nation’s economy remains stalled and uncertain and its employment rate stagnates, we were able to win an agreement with Ford that will bring auto manufacturing jobs back to the United States from China, Mexico and Japan.
The agreement includes $16 billion to produce new and upgraded vehicles and components by 2015, of which, $6.3 billion will be invested directly into retooling and upgrading plants. A complete list of plant investment can be found on the UAW’s website.