MADRID – Ford Motor Co. is tearing up all labor agreements reached in recent weeks at its Valencia plant now that workers have rejected a deal between the auto maker and the Union General de Trabajadores. The proposed pact with the UGT, the most important union at the Valencia plant, called for a new salary framework for the next five years that would have increased pay annually based on inflation. The agreement also included a buyout plan that would have encouraged 1,200 of the plant’s ...

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