Ford's (F -2.2%) new four-year union deal will see the automaker boosting an earlier hiring plan...

|About: Ford Motor Company (F)|By:, SA News Editor

Ford's (F -2.2%) new four-year union deal will see the automaker boosting an earlier hiring plan by 5,750 jobs (to 12,000 by 2015) and investing $4.8B in plants (and $16B in the U.S. overall). Many of the jobs will be in-sourced from Mexico, China and Japan, and Ford saves on labor costs as most of the new jobs will be entry-level. The UAW still needs to ratify the pact.