United Auto Workers members have ratified a four-year
contract with Ford Motor Co. that sets lower pay for some newly
hired workers and puts the company's huge retiree health care debt
into a UAW-run trust.
The UAW, which represents about 54,000 workers at Ford, said
Wednesday that 79 per cent of those voting favoured the pact.
Workers at General Motors Corp. and Chrysler LLC have ratified
similar deals, with the contract winning at Chrysler by only a small
margin. Unlike the other two automakers, there was no strike at
The landmark deals have been praised by the companies and union
for protecting jobs while cutting labour costs to make the
struggling automakers more competitive with their Japanese rivals.
UAW president Ron Gettelfinger said the union negotiated a
contract with Ford that protects wages, benefits and seniority
rights and provides income and secure health care for retirees.
``We stood our ground in the face of some rather big asks by the
company and came away with a creative agreement that addresses the
concerns of our members and also gives the company the opportunity
to move forward,'' he said in a statement. ``Now it's up to Ford to
successfully bring to market the top-quality vehicles our members
are building in UAW Ford factories.''
The UAW said production workers voted 81 per cent in favour of
the deal, while skilled trades workers were 71 per cent in favour.
In addition to the active workers, the deal covers more than
94,000 Ford retirees and 28,000 surviving spouses. It will run until
Sept. 14, 2011.
Ford shares fell nine cents to $7.91 in morning trading