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Ford to pay workers $6,000 bonus in new contract

Ford Motor Co. will pay its U.S. factory workers a $6,000 signing bonus and add thousands of U.S. factory jobs as part of a four-year contract deal reached Tuesday with the United Auto Workers union.

By Dee-Ann Durbin, Tom Krisher | Updated on October 04, 2011

DETROIT (AP) — Ford Motor Co. will pay its U.S. factory workers a $6,000 signing bonus and add thousands of U.S. factory jobs as part of a four-year contract deal reached Tuesday with the United Auto Workers union.

Most Ford workers will get profit-sharing checks instead of annual raises under the deal, starting with a payment of around $3,700 this year. Workers will also get around $7,000 in inflation protection and lump-sum payments over the life of the contract, the UAW said.

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