“I am pleased with the strong support for this agreement from UAW Ford members,” UAW Vice President Jimmy Settles said in a statement released today. “I believe UAW Ford workers understood the importance of each and every vote.”
"This agreement adds 5,750 new UAW jobs which mean more than 12,000 new jobs in total with jobs previously announced by Ford. Many of these jobs will be added by the end of 2012, and all will be added during the term of the new contract,” King stated.
As a result of these negotiations, the UAW and the domestic automakers announced a total of 20,000 direct manufacturing jobs including the creation of 6,400 jobs at GM and 2,100 at . The American auto industry is on its way back," he said.
"The contract will also include a $6,000 Settlement Bonus and $7,000 in Inflation Protection and Competitive lump-sum payments over the term of the agreement, a new more transparent and simple profit sharing plan in which workers will receive their first payment averaging $3,700 this year,” King noted.