Ford, Visteon Workers Approve New Contracts

By Agence France-Presse Members of the United Auto Workers (UAW) union have voted to ratify new four-year labor contracts with the Ford Motor Co. and its former parts subsidiary, Visteon Corp., union officials said Sept. 30. The contracts cover 93,000 active workers at Ford and Visteon, as well as more than 100,000 retirees and their dependents. The Ford and Visteon contracts are identical. The Dearborn, Mich.-based automaker spun off the components operation in June 2000, and since then all Visteon workers have been treated as if they were lifelong Ford employees for the purpose of labor negotiations. During the bargaining round that ended earlier this month, the union got an agreement from Ford and Visteon that they would confer the same status on all Visteon employees hired during the period of the last contract (1999-2003). The contracts follow the same economic pattern as the agreement ratified last week by UAW members at DaimlerChrysler AG. The notable provisions include a $3,000 signing bonus, a performance bonus in the second year of the contract, a 2% raise in September 2005 and a 3% raise in September 2006. Copyright Agence France-Presse, 2003

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