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


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.
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    I don't mean to sound simple-minded and single-focused, but when I read "many of the jobs will be in-sourced"; I want to yell "Hell Yes!".
    So what if we have to pay a bit more for a brand new vehicle. We are not at 3% unemployment. The time is now for "In-sourcing". I love that word.
    5 Oct 2011, 01:53 PM Reply Like
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