Ford to Add 12,000 Jobs

    **FILE** Ford Motor Company's logo is shown  atop its world headquarters in a Dearborn, Mich. file photo from June 5, 2003.   Ford Motor Co. said Monday it plans to get about $18 billion in financing in part to address near- and medium-term negative operating-related cash flow and fund its restructuring. (AP Photo/Paul Sancya, File)

    Paul Sancya / AP Photos

    On the heels of a new deal between General Motors and the United Auto Workers, Ford has signed an agreement with the union to add 12,000 jobs and invest $6.2 billion in U.S. plants. The company will sink a total of $16 billion into its U.S. operations by 2015. Most of the new jobs will pay entry-level wages, and will be filled by the end of 2012. New employees will get a $5,000 signing bonus. “We really believe that it’s fair to our employees and recognizes the contribution that they’ve made to the success of Ford Motor Co.,” a Ford executive said. The union will now turn to making a deal with Chrysler.

    Read it at New York Times