UPDATE 1-Entry-level wages, higher output cut Ford costs

Newswire

By Deepa Seetharaman WAYNE, Mich., Nov 8 (Reuters) - Ford Motor Co has been able to lower its manufacturing costs this year by hiring more entry-level workers and boosting its capacity utilization in North America to 114 percent. So far this year, the second-largest U.S. automaker has hired 4,800 entry-level workers, who start at $15.78 an hour. In all, Ford has hired 5,200 workers this year. "Our manufacturing costs have gone down this year one is capacity utilization and the ...

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