DETROIT (AP) — Ford Motor Co. will pay its U.S. factory workers a $6,000 signing bonus and add thousands of U.S. factory jobs as part of a four-year contract deal reached Tuesday with the United Auto Workers union.
Most Ford workers will get profit-sharing checks instead of annual raises under the deal, starting with a payment of around $3,700 this year. Workers will also get around $7,000 in inflation protection and lump-sum payments over the life of the contract, the UAW said.
Ford plans to add 5,750 U.S. factory jobs under the deal, on top of 6,250 it announced earlier this year, for a total of 12,000 jobs by 2015. It also pledged to invest $4.8 billion in its U.S. factories.
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