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DETROIT – Local leaders of United Automobile Workers across the country have approved a new four-year contract with Ford Motor, sending it to their chief members for final approval.
The deal involves Ford investing more than $ 6 billion in U.S. manufacturing operations and creating or maintaining 8,500 U.S. jobs. As first reported by CNBC, Ford also agreed to receive ratification bonuses of $ 9,000 for full-time workers and $ 3,500 for temporary staff ratification bonuses.
About 500,000 UAW automaker members are expected to vote. a proposed contract over the next two weeks.
The agreement also includes the closure of a Michigan motor plant. If the deal is approved, about 600 hourly employees working at Ford's Romeo engine factory will be offered jobs at a nearby power plant or buyout package equivalent to that of a recent alliance with General Motors.
UAW, if members approve the deal, will then turn its attention to Fiat Chrysler, the last Detroit carmaker to be negotiated by the union in 201
UAW discussions with Fiat Chrysler are expected to be more controversial than the one with Ford in the federal market for a union corruption study that started with an Italian-American carmaker. There is also uncertainty about the future of the company amid a planned merger with French automaker PSA Group.