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DEARBORN, Mich. — Unionized workers at Ford have approved contract changes that include freezing wages and cutting benefits in a move to help the automaker remain competitive.
The United Auto Workers said Monday that a majority of hourly workers voted in favor of modifications to the 2007 contract with Ford, eliminating cost-of-living increases and cash bonuses.
The deal may be a model for Chrysler and General Motors, which need to bring labor costs in line with those of foreign companies’ plants in the U.S. as a condition of the $17.4 billion they have received in federal loans.
Those companies are seeking an additional $21.6 billion in government aid. Ford has not sought federal aid.
The Associated Press
