Ford says the recently ratified contract with the United Auto Workers union will raise fixed labor costs less than 1% on an annual basis, but that likely hinges on productivity gains and an increased number of entry-level workers. John Fleming, Ford executive vice president-global manufacturing and labor affairs, says in a conference call today the auto maker expects the contract will allow it to increase the number of entry-level, or tier-2 workers, to about 8% of its total ...
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