Source: American Banking and Market News
Ford Motor Co. (NYSE: F) said that it plans to create 2,000 union jobs which had previously been outsourced to supplies. The new total is about 25% higher than Ford had previously agreed to pay to bring back in-house during its negotiations with the United Autoworkers Union three years ago, reported the Wall Street Journal on Friday.
The return of jobs is largely a good piece of news for the UAW, however, some of the jobs will pay a new wage of $14.00 per hour instead of the $26.00 per hour that most UAW workers make. The company did not provide a breakdown or how many new hires would be and how many of the positions would be filled by workers on an indefinite layoff.
The company said that it will bring back 1,975 union jobs back to its plants by 2012, exceeding its original commitment by about 25%, said Ford Americas president Mark Fields in an automotive gathering in Traverse City, MI on Wednesday. The company has already moved 1,340 jobs from formerly outsourced parts suppliers back to its 24 US facilities and plans to move 635 more jobs by 2012, said Field.
UA President Bob King said that he plans to recoup many concessions that the UAW made to Ford during the next round of discussions with Ford which may begin as early as next year. “Our message is pretty balanced: We are doing better but we are not satisfied and we still have a lot of debt,” Mr. Fields said. “We also have continued to have conversations around our need to remain competitive.”
Ford Motor Company (Ford) is a producer of cars and trucks. Ford and its subsidiaries also engage in other businesses, including financing vehicles. It operates under two segments: Automotive and Financial Services. The Automotive segment includes the operations of Ford North America, Ford South America, Ford Europe, Ford Asia Pacific Africa and Volvo. The Financial services include the operations of Ford Motor Credit Company and Other Financial Services.
Shares of Ford Motor Co. (NYSE: F) traded up 0.46% hitting $13.04 during mid-day trading on Friday.
Yellow car taxi with elegant design technology that will be new era of city transportation in the world! The 2011 Ford Transit Connect Taxi will go into production and arrive in dealerships in 2010 as a 2011 model, adding to Ford Motor Company’s leadership in the North American taxi market. We will make some detail review and price list including interior and exterior pictures gallery that can make you interesting to this new taxi car design concept. Creating the announcement at the 2010 Chicago Auto Show, Ford car maker also said it will launch engine prep packages on all 2011 Ford Transit Connect models – base and taxi – allowing conversion to efficient, clean-burning CNG (compressed natural gas) otherwise propane (LPG, or liquefied petroleum gas). The 2011 Ford Transit Connect Taxi, combined with an powerful engine modified by Ford to use CNG/LPG, is intended to meet that need. To further serve taxi operators, Ford will give required calibration specifications for the CNG or LPG conversion.
The 2011 Ford Transit Connect Taxi gives an excellent interior design package for people and cargo. Ford car Manufacturer Company is collaborating with Creative Mobile Technologies, LLC (CMT), to integrate premier payment processing and passenger information technologies in the Ford Transit Connect Taxi. Evidence of how this technology could work in the future is included in the Ford Transit Connect Taxi. The green taxi is not new at Ford car model concept that has been a leader in the taxi business for decades. Built on a dedicated commercial automotive platform and tested to Ford tough truck standards, the 2011 Ford Transit Connect Taxi – including gasoline-powered versions and those modified to operate on CNG/LPG – is planned to meet the extreme demands of taxi service.
