DETROIT (AP) Ford workers will get $9,000 each if they ratify a new four-year contract with the company, but Ford will close a factory in the deal, a person briefed on the pact said Thursday.
The company plans to close its engine factory in Romeo, Michigan, north of Detroit, but 600 union workers at the plant will be offered buyouts or jobs at a transmission factory in nearby Sterling Heights, Michigan, said the person, who didnt want to be identified because the contract hasnt been explained to workers.
Ford reached a tentative four-year contract agreement with the United Auto Workers union Wednesday night. The union says it secured over $6 billion in product investments at U.S. factories. The investments will create or keep over 8,500 jobs, but no precise number of new jobs was given. Local union leaders will meet in Detroit Friday to hear an explanation of the contract terms.