Published October 04, 2011
DEARBORN, Mich -- Ford Motor Co. says it will add 5,750 jobs and invest $4.8 billion in its factories as part of a new contract deal with the United Auto Workers union.
Company Vice President of Manufacturing John Fleming tells reporters that most of the new hires will be at an entry-level wage, which will cut the company's labor costs.
The four-year deal was reached early Tuesday after eight straight days of bargaining. Union leaders are expected to release further details of the contract later Tuesday. Union workers are likely to vote on it next week.