Ford Likely to Exceed Pledge to Hire 12,000 Workers by 2015

[Purveyor]

By Keith Naughton Apr 30, 2014 3:21 PM ET

Ford Motor Co. (F), boosted by record profits in North America, is likely to hire more than the 12,000 new workers that it promised in its 2011 contract with the United Auto Workers, according to its top American executive.

“The business has grown faster than we predicted it would in 2011,” Joe Hinrichs, Ford’s president of the Americas, said in an interview today. The company’s hiring “is definitely ahead of schedule and there’s a high probability we’ll overshoot” the 12,000 hourly jobs it committed to create in the 2011 contract.

The second-largest U.S. automaker said today it hired 2,000 new workers at its Claycomo, Missouri, factory, where it is investing $1.1 billion to add production of the Transit cargo van to the F-series trucks the plant also builds. Ford said it now has completed about 75 percent of its commitment to hire 12,000 workers by 2015.

The company has said it employed 84,000 workers in North America at the end of last year, up from 75,000 at the end of 2011, when it reached a four-year agreement with the UAW.

The hiring helps lower Ford’s labor costs since new hires are paid slightly more than half the $27 an hour veteran workers make. More than one-in-five Ford U.S. hourly workers now make the lower wage, Hinrichs said, including 26 percent of the workers in Claycomo.

more...

http://www.bloomberg.com/news/2014-04-30/ford-likely-to-exceed-pledge-to-hire-12-000-workers-by-2015.html

[Auggie]

1. $14 an hour? I'm I reading that right?

The hiring helps lower Ford’s labor costs since new hires are paid slightly more than half the $27 an hour veteran workers make. More than one-in-five Ford U.S. hourly workers now make the lower wage, Hinrichs said, including 26 percent of the workers in Claycomo.

That's about $28,000 a year.

[Purveyor]

2. You nailed it!~ eom

[Auggie]

3. Had I read only the thread title I would have bought their bull