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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (462326)3/9/2009 3:18:54 PM
From: Road Walker  Read Replies (1) of 1574472
 
Ford workers approve UAW contract changes
By KIMBERLY S. JOHNSON, AP Auto Writer Kimberly S. Johnson, Ap Auto Writer
4 mins ago

DETROIT – The United Auto Workers Union says its members working for Ford Motor Co. have approved contract changes that include freezing wages and cutting other benefits in a move to aimed at helping the automaker remain competitive.

The approved agreement also ends the jobs bank program and lets Ford make payments in stock to a union-run trust for retiree health care.

The union says 59 percent of production workers and 58 percent of skilled-trades workers voted for the agreement.

Ford is not seeking government funding and is the first U.S. automaker to come to an agreement with the union.
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