The Traderszone Network

Published in TZ Latest News 30 November, 2015 by The TZ Newswire Staff

Ford says to incur $600 million expense in 2015 from U.S. union pact

Ford Motor Co said on Monday it will incur a $600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company’s previously stated expectations for 2015, according to a statement issued by Ford. Most of the $600 million expense are tied to a ratification bonus for the company’s nearly 53,000 UAW members.