Tentative agreement between UAW & Ford equals thousands of jobs

The UAW and Ford have reached tentative agreement will create or retain 12,000 jobs in the U.S. -- 5,750 are new – and offer most workers a $6,000 signing bonus, $1,000 more than GM workers recently got in their new deal.

· Ford commits to add 12,000 hourly jobs in its U.S. manufacturing facilities by 2015, including in-sourcing from Mexico, China and Japan; this is 5,750 hourly jobs more than the previously announced 7,000 U.S. positions to be added by year-end 2012

· Ford pledges to invest $16 billion in the U.S. - including $6.2 billion for U.S. plants - to design, engineer and produce more new and upgraded vehicles and components by 2015

· Ford says the agreement is fair to its employees and that it improves the company's competitiveness in the U.S.

· The new jobs and investment commitments in the UAW-Ford tentative agreement are contingent upon ratification of the agreement by the UAW membership.

Later today we should see what this will mean for the Brook Park and Avon plants.

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