Ford Motor Company and the United Auto Workers have reached an agreement on a new contract that includes significant signing bonuses and more jobs for autoworkers.
“„Hourly workers at Ford Motor Co. will receive a $6,000 signing bonus as part of a new four-year contract with the automaker that also pledges $4.8 billion in new investment in U.S. plants at least $15,700 in bonuses and profit sharing payouts.
“„The agreement also secures more than 12,000 jobs, including 7,000 previously announced – 6,250 hourly and 750 salaried – and 5,750 new jobs that will be added by the end of 2012 and pay an entry-level wage.