Thursday, February 26, 2009

Ford UAW Concession Memo

Link to UAW Ford Contract Modification Memo

Concessions include:

Alternative Work Schedules
More buyouts
Overtime and Break modifications
Suspension of COLA
Suspension of performance bonus payments
Required participation in Direct payroll Deposit
Suspension of holiday bonus payments

The document, 8 pages in length also includes some guarantees about work levels, wages levels for work performed by secondary supplier, and an adendum addressing funding of the Health Care VEBA.

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