Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (629748)	9/28/2011 4:03:00 PM
From: tejek	Read Replies (2) \| Respond to of 1578131

Ford Said to Discuss Adding 10,000 Jobs Ford Motor Co. (F) is discussing adding as many as 10,000 jobs in the U.S. in negotiations with the United Auto Workers union on a new four-year contract, according to three people familiar with the talks. The job-creation discussion is part of high-level negotiations between Ford and UAW President Bob King over wages, benefits, and employment gains in the new contract and is still subject to change, said the people, who asked not to be identified revealing internal deliberations. As many as 4,000 of those jobs may come from Ford shifting production of the Fusion midsize sedan to the U.S. from Mexico, one of the people said. The UAW may reach an agreement this week on a contract covering Ford’s 41,000 workers, Joel Goddard, co-chairman of the union’s bargaining committee said in a recorded message Sept. 26. Ford, which earned $4.95 billion in the first half of the year, is seeking to lower labor costs in the new contract. New hires are paid about half as much as senior workers. “Jobs have been a central goal of the union in this round of negotiations,” said Harley Shaiken, a labor professor at the University of California at Berkeley. “Ford, which is the most advanced in its recovery, is a natural for this kind of job creation.” General Motors Co. (GM) agreed to add or retain 6,400 jobs in a tentative agreement it reached with the UAW on Sept. 16. GM’s 48,500 hourly workers ratified that contract with 65 percent of production workers and 63 percent of skilled-trades workers voting for it, the union said today. “Two years ago, GM and Chrysler were hanging by a thread when President Obama stepped in and invested federal funds to help turn the companies and the U.S. auto industry around, protecting the auto supplier base and keeping good-paying jobs in America,” King said today in a statement. Ford avoided the bankruptcies and bailouts that befell GM and Chrysler Group LLC. Fusion Production Ford now produces the Fusion at a factory in Hermosillo, Mexico, which employs 3,335 workers, according to the automaker’s website. Sales of the Fusion in the U.S., where it is Ford’s top- selling car, rose 16 percent this year to 168,929 models through August. Last year, Ford sold 219,219 Fusions in the U.S., according to researcher Autodata of Woodcliff Lake, New Jersey. King met yesterday with John Fleming, Ford’s chief of manufacturing and labor affairs, to discuss new work the automaker may be willing to put into U.S. plants, one of the people said. King shifted to Dearborn, Michigan-based Ford last week after talks faltered with Fiat SpA-controlled Chrysler, which said it extended its contract to Oct. 19. “We have accelerated our talks,” Goddard, the union’s Ford bargaining committee co-chairman, said in a telephone recording late Sept. 26. “We are optimistically hopeful we will have good news for our membership by the end of the week.” read more.................. news.google.com