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IT’S A DEAL

Ford to Add 12,000 Jobs

In a new contract with United Auto Workers.

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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

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