NEW YORK (AP) - Ford Motor Company and United Auto Workers have come to a new four-year contract, the industry made an annual profit sharing and pay a signing bonus and promised thousands of cars and trucks, construction new employment opportunities.
Details were not disclosed, but the transaction is expected to be sweeter than last week for the approval of the workers at General Motors plant employees contract.
In his speech, union and company said they will announce on Tuesday details.
Ford shares fell in premarket trading 10 cents, to $ 9.27.
The agreement is expected to reduce Ford's hourly labor cost, which is the highest U.S. auto industry. But it may increase the work of thousands of new union, according to the U.S. auto sales growth. Ford has committed has been added in the next two years, more than 7,000 jobs, including engineers and factory workers.
The agreement still must be approved by Ford 41000 UAW's voting members, will start next week. Approval may be a problem because many people expect the company to recover pay and other benefits, they sacrificed a serious Financial Times ", beginning in 2007 to help Ford.
From across the country where union leaders will be held in Detroit on Tuesday morning to vote on whether they would recommend the rank and file processing.
Trade unions, between Ford and General Motors was very successful talks this year, Ford finally agreed in 2007, a contract to resolve a month in advance. Four years ago, Ford Motor Company and the union did not meet until an agreement on November 3. July 29 began to bargain.
Next to the Chrysler talks might be more controversial. Ford and General Motors as much money, could not afford the same transaction.
UAW negotiations, pay close attention, because they set up more than 112,000 workers in the automotive industry and the payment of wages in auto parts manufacturers and other industry bar.
In Ford, the workers are expected to get a better deal than General Motors union, because Ford is making more money, and did not go through bankruptcy protection, or take a government bailout. Ford is expected to promise a large number of new jobs, more than General Motors is committed to at least 5100.
Common treatment to the workers $ 5,000 signing bonus for three years and $ 1,000 a year to offset inflation, profit sharing this year at least 3,500 yuan. The worst of General Motors workers can do is $ 11,500 over four-year contract. General Motors to avoid the first time since 1953, the pension increase is expected to match Ford's terms.
More than 1,900 entry-level, General Motors, about half of the approximately 29 yuan paid to the General Motors factory worker hours, workers have been increased by 20% or more. Ford Motor Company is only about 70 entry-level workers, and will try to reduce their hiring of additional labor costs.
In Ford, the uncertainty of the approval of the workers. Ford's turnaround over the past five years, resulting in huge profits, but it also gave birth to some of the workers' grievances. Many people want the company to restore pay and other benefits, they sacrifice to help Ford get through, starting in 2007 financial problems.
Frustrated by the company to give workers a CEO Alan Mulally $ 26.5 million pay package, according to the company's 2010 results. Ford had nine straight quarters of profitability, and in the first half of this year received $ 495 million.


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