jpd80 Posted October 20, 2011 Share Posted October 20, 2011 Voting concluded Tuesday at the 58 UAW-Ford locals. The final tally after two weeks is 63 percent in favor with 22,031 "yes" votes, to 37 percent voting against or 12,957 "no" votes. Total number of votes cast was 34,988. Barclays Capital on Wednesday said the contract adds about 2 cents per share in cost, and 70 cents per hour, or $70 million annually assuming 1,000 skilled trades take buyouts. "More importantly, successfully completing the labor negotiations without a strike likely opens up the way for likely ratings upgrade and resumption of the Ford dividend," said Barclays analyst Brian Johnson. Ford will go over the contract with analysts Thursday. "While some UAW dissidents saw the contract as weak, failing to restore concessions made in the last decade, it appears to be richer than the contracts at the other members of the Big Three," Johnson said. One of the more well-known dissidents is Gary Walkowicz, bargaining chairman at Dearborn Truck Assembly. "It is still my opinion that very few Ford workers were happy with this contract," Walkowicz said. "I think many people who voted 'yes' felt they had no choice after they were threatened by the union leadership with strikebreakers and a worse contract if it was voted down. There were also hundreds of us Ford workers who were ready to fight against two-tier (entry) wages and frozen wages. That battle is not over." UAW Vice President Jimmy Settles said he is pleased with member support. "I believe UAW Ford workers understood the importance of each and every vote. That was evident in the high voter turnout with 85 percent of the overall membership voting." -------------------------------------------------------------------------------------------------------------------------------- The main goal of the UAW was preserving and adding jobs. UAW President Bob King said, "As the nation's economy remains stalled and uncertain and its employment rate stagnates, we were able to win an agreement with Ford that will bring auto manufacturing jobs back to the United States from China, Mexico and Japan," Mark Fields, Ford president of the Americas, called the deal proof the two sides can work together to "create new jobs, invest in our plants and people, and make a very positive impact on the U.S. economy." The Ford agreement adds 5,750 new jobs, bringing the total to 12,000 by 2014. It also brings $16 billion in investment. The 20 plants that benefit include Michigan Assembly in Wayne, AutoAlliance International in Flat Rock, Romeo Engine and other plants in Michigan. With ratification, workers with a year of seniority will get a $6,000 signing bonus and receive $7,000 in "inflation protection" and other lump-sum payments over the term of the agreement. The first profit sharing payment this year will average $3,700. Entry-level wages were also increased to $19.28 over the term of the agreement. From The Detroit News: http://detnews.com/article/20111020/AUTO01/110200342/Ford--UAW-agreement-is-officially-ratified#ixzz1bJPCCwlA Quote Link to comment Share on other sites More sharing options...
twintornados Posted October 20, 2011 Share Posted October 20, 2011 Thank God thats over and all the union haters can go crawl back under their rock and tune in to Faux News for their next assignment.....good job Ford and UAW for negotiating a fair contract. 1 Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted October 20, 2011 Share Posted October 20, 2011 I wonder if Auto Alliance International plant will change its name when Mazda moves out...Flat Rock Assembly Plant (FRAP) works for me LOL Quote Link to comment Share on other sites More sharing options...
GTwannabe Posted October 20, 2011 Share Posted October 20, 2011 Great, Ford. Now build or import me a @#$%ing F-100 or Ranger so I don't have to buy from your competition! Quote Link to comment Share on other sites More sharing options...
jpd80 Posted October 20, 2011 Author Share Posted October 20, 2011 (edited) Thank God thats over and all the union haters can go crawl back under their rock and tune in to Faux News for their next assignment.....good job Ford and UAW for negotiating a fair contract. I hope the new contract works out much better for employees and the cash bonuses keep coming, I think the perception of regular cash coming from Ford could change rank and files point of view and i hope all of Ford does well out of this contract. Looks like it wasn't a tough stretch for Ford either: Fields: Ford/UAW deal increases costs less than 1% Alisa Priddle/ The Detroit News Ford Motor Co.'s new labor agreement with the United Auto Workers will increase costs less than 1 percent annually over the course of the contract, Mark Fields, president of the Americas, told investors in a call Thursday morning. Holding the line on wages, increased flexibility on the line especially with skilled workers, eliminating legal services and overall increases in efficiency should offset the bonuses, profit sharing, increased wages for entry-level workers and adding up to 12,000 jobs over four years. From The Detroit News: http://detnews.com/a...-#ixzz1bKcWp8lu Edited October 20, 2011 by jpd80 Quote Link to comment Share on other sites More sharing options...
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