Ford Uaw New Contract

[unit731]

"Oct. 20 (Bloomberg) -- Ford Motor Co.’s new contract with the United Auto Workers will increase its labor costs less than 1 percent annually while allowing the company to offset that in efficiency gains, the company said."

 

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"UAW new hires start at a $14 hourly wage, the rate negotiated back in 2007 to help the Detroit Three compete with foreign automakers on production costs. The starting wage translates to an annual gross income of $28,000, before taxes, benefits, and miscellaneous dues. With economic fortunes on the rise, Chrysler, Ford, and General Motors are expected to grow manpower, many at the $14 hourly rate."

 

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[jro909]

the way it should be....