DEARBORN, Mich. (AP) — Ford Motor Co. said Tuesday it will add 5,750 jobs and invest $4.8 billion in its U.S. factories as part of a new contract deal with the United Auto Workers union.
The four-year deal was reached early Tuesday after eight straight days of bargaining. UAW leaders were expected to release further details of the contract later Tuesday at a meeting of union leaders in Detroit. The deal is subject to a vote by union members.
John Fleming, Ford vice president of manufacturing, said most of the new hires will be paid a lower wage than Ford's older workers. The agreement is expected to lower Ford's labor costs, which are the highest in the U.S. auto industry.
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