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September 8, 2008 10:55:32 AM CDT

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Ford Workers Ratify Pact With UAW

Posted Nov 14, 07 3:16 PM CST in Business 

(Newser) – UAW workers at Ford overwhelmingly approved a four-year contract today that shifts responsibility for some retiree health benefits to the union, the Detroit Free Press reports. The agreement also allows Ford to hire new employees for lower wages and fewer benefits. The contract approval follows similar deals at GM and Chrysler, though Ford was the only one of the three to avoid a strike.

Ford agreed to invest in and keep US plants open. The UAW president calls the contract “a creative agreement that addresses the concerns of our members, and also gives the company the opportunity to move forward.” Nearly 80 percent of union members voted in favor of the contract.

Sources Detroit Free Press, Associated Press

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  (Getty Images (by Event))
United Auto Workers president Ron Gettelfinger, center, and negotiating committee member Joel Goddard, left, and vice president Bob King addresses the media after meeting with local presidents and bargaining...   (Associated Press)
2008 model year Ford Focus cars are seen on a holding lot across the street from the Wayne Stamping and Assembly Plant in Wayne, Mich., in this Oct. 15, 2007 file photo. (AP Photo/Carlos Osorio, file)   (Associated Press)
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General Motors  • Detroit  • car  • Ford  • Chrysler  • United Auto Workers  • labor


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