DETROIT TheStreet) -- Like the deal reached last week with General Motors ( GM), the United Auto Workers' tentative four-year agreement with Ford ( F) is focused on creating new jobs in this country. Ford and the UAW announced Tuesday they reached a tentative agreement that includes 12,000 hourly jobs in U.S. manufacturing facilities by 2015, including jobs moved from Mexico, China and Japan. That is 5,750 more jobs than the 7,000 Ford previously said it would add by the end of 2012.
Ford also said that by 2015 it would invest $16 billion in the U.S. to design, engineer and produce vehicles and components. The investment includes $6.2 billion for U.S. plants. "This tentative agreement adds another 5,750 new jobs to communities across America where people have been struggling to recover from our nation's economic turmoil," said UAW President Bob King, in a prepared statement. "These new UAW jobs mean more than 12,000 new jobs in total with jobs previously announced by Ford. Last week, the UAW and General Motors Co. announced the creation of 6,400 jobs at GM." Most of the terms of the deal were not announced, pending ratification by Ford workers. The union represents about 41,000 hourly and salary workers at 27 Ford assembly and manufacturing facilities in the U.S. The UAW's tentative agreement with GM, reached on Sept. 16, was ratified on Sept. 28; contract talks with Chrysler are continuing. The agreement was ratified by UAW members with a two-to-one ratio on Sept. 28. The UAW's current contract with Chrysler has been extended, and negotiations continue. "We are pleased that, by working together with the UAW, we reached a deal that is fair to our employees and that improves Ford's competitiveness in the U.S.," said John Fleming, Ford's executive vice president of global manufacturing and labor affairs, in a prepared statement. -- Written by Ted Reed in Charlotte, N.C. >To contact the writer of this article, click here:
Ted Reed >To follow the writer on Twitter, go to http://twitter.com/tedreednc. >To submit a news tip, send an email to: email@example.com.