Ford Motor Co. and the U.K.’s Transport and General Workers Union reach a 2-year labor agreement that provides a 7% increase in wages and improvements in maternity and pension payments. The deal calls for wage hikes of 4% during the first year, followed by another increase of 3%, or the rate of inflation plus 0.5%, whichever is higher, during the second year. The maternity pay portion of the contract provides for 52 weeks of paid leave, a significant increase from the current 40 weeks. ...
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