Ford Says UAW Contract Lifts U.S. Labor Costs Less Than 1.5%

Updated on
  • CEO Fields says pact gives automaker `staffing flexibility'
  • Company to spend $600 million this year on worker bonuses

Ford Motor Co. said its new four-year contract with the United Auto Workers will increase its U.S. labor costs by less than 1.5 percent annually by letting the company hire more low-cost workers and move production to factories in other countries.

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