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Old 11-20-2002, 22:54   #1 (permalink)
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Ford, U.K. unions agree to pay increase

Of 7 percent over two years

November 21, 2002
BY BRIAN LYSAGHT
BLOOMBERG NEWS

LONDON -- Ford Motor Co., the world's second-largest automaker, reached a tentative, two-year pay agreement with U.K. unions that would increase wages for hourly workers by 7 percent, the two sides said.

The company also offered improved pension and maternity benefits for workers, the two sides said. The agreement covers 9,200 Ford Britain workers and 2,215 workers at Visteon Corp., the parts unit spun off by Ford two years ago.

Ford is the best-selling car brand in the U.K., with a market share of 16 percent. The company closed its Dagenham car assembly plant near London in 2002 to cut costs. Union workers will vote to ratify the agreement.

"This settlement is an example for other employers to follow," said Tony Woodley, deputy general secretary of the Transport and General Workers union. The union reached similar agreement at Ford's Jaguar unit in Britain last month.
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Old 11-21-2002, 01:11   #2 (permalink)
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Now there is a novelty .... a union agreeing to a pay rise.
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