Ford to add 5,750 new jobs, invest $4.8B in plants
DEARBORN, Mich. (AP) - October 4, 2011 (WPVI) -- 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.
Fleming would not give details about where the new jobs would go. He said the jobs are in addition to the 7,000 new positions that Ford announced earlier this year.
ford motor company, employment, business/finance
- 7-alarm fire destroys homes in Sea Isle City 39 min ago
- Egg-cellent holiday weekend
- Get the 6abc StormTracker app
- WATCH: Action News Online
- Photos: Images of Sea Isle City fire
- Authorities searching Delaware River for boater
- Photos: Pictures of out-of-control boat on the Del....
- Photos: Suspects wanted by Philadelphia Police
- Arrest warrant sought for captain of sunken ferry
- Teen suspended for asking Miss America to prom
- 76ers owner Harris calls 19-win season 'success' 51 min ago
- Search continues for robbers in armored car heist
- Bride gets help after banquet closes
- Worth the wait: Easter treats in Philadelphia
- 7-alarm fire destroys homes in Sea Isle City
39 min ago