Negotiators for the UAW (United Automobile Workers) and industry giant Ford have reached a deal for a new four-year salary agreement, four days after a deal was struck by the union and General Motors (see article n°11451). The most recent agreement is largely similar to that reached at GM; it includes solid pay rises, preservation of the low healthcare costs borne by employees and a speeding up of the process to integrate temporary workers. The 55,000 members of the trade union will be able to examine the details of the proposed contract in the coming days and the result of their vote on the deal will be known on 15 November.
Unlike competitor GM, Ford has very little presence in Mexico. Therefore representatives for Bill Ford, executive chairman at Ford, quickly committed to some $6 billion of investment in American factories. This investment is intended to protect or create 8,500 jobs. As such, the assembly factory in Flat Rock will benefit from $250 million of investment, while the group’s site in Buffalo, in the State of New York, will receive $60 million. Only the engine factory in Romeo, Michigan, is set to cl
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