Pico Rivera NEWS - Ford: Modified pact brings foreign parity - Fort Wayne Journal Gazette Pico Rivera NEWS - Ford: Modified pact brings foreign parity - Fort Wayne Journal Gazette

Wednesday, March 11, 2009

Pico Rivera NEWS - Ford: Modified pact brings foreign parity - Fort Wayne Journal Gazette

DETROIT – Ford Motor Co. said Wednesday that recent modifications to its contract with the United Auto Workers union would help the company achieve parity with wages paid in the United States by overseas-based automakers. In a conference call to Vernon NEWS

March 11 (Bloomberg) -- Ford Motor Co. , the first U.S. automaker to reach a mid-contract union agreement, said labor concessions will save about $375 million this year and allow consolidation of vehicle assembly between two Michigan factories. The Vernon NEWS

DETROIT (Reuters) - Ford Motor Co said on Wednesday that it expects operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the "ballpark" of foreign-based rivals. Ford said the Vernon NEWS

DETROIT — Ford Motor Co. says recent modifications to its contract with the United Auto Workers union help the company achieve parity with wages paid in the United States by overseas-based automakers. UAW members approved the concessions in voting Vernon NEWS

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