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MS CYPRAH

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BBC NEWS | Union agrees pay deal with Ford

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The main US car union has agreed to allow Ford to cut the wages of a fifth of its staff in half in exchange for greater job and benefits security.

Ford will freeze outsourcing and pay $15.4bn (£7.4bn) toward medical benefits for its retired workers.

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These provisions helped Ford to broker a reduction in the hourly pay of entry-level employees to $14.20 an hour, half the current level of $28.88, which it will be able to pay to 20% of its workforce.
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    Reply#1 - Tue Nov 6, 2007 4:30 PM EST
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