DETROIT (WXYZ) - UAW Ford members have voted to accept the tentative contract agreement.
The results of the voting over the past two weeks showed 63% in favor of the agreement to 37% against.
"I am pleased with the strong support for this agreement from UAW Ford members. I believe UAW Ford workers understood the importance of each and every vote," said UAW Vice President Jimmy Settles, who directs the union's Ford Department.
UAW President Bob King said the agreement with Ford will bring back jobs to the United States from China, Mexico and Japan.
"This agreement adds 5,750 new UAW jobs which mean more than 12,000 new jobs in total with jobs previously announced by Ford. Many of these jobs will be added by the end of 2012, and all will be added during the term of the new contract. As a result of these negotiations, the UAW and the domestic automakers announced a total of 20,000 direct manufacturing jobs including the creation of 6,400 jobs at GM and 2,100 at Chrysler. The American auto industry is on its way back," King added.
The tentative agreement includes $16 billion to produce new and upgraded vehicles and components by 2015.
The contract will also include $6,000 settlement bonus, $7,000 in inflation protection and competitive lump-sum payments over the term of the agreement. In addition a new, more transparent and simple profit sharing plan in which workers will receive their first payment averaging $3,700 this year.
Entry-level workers will also see an increase in pay to $19.28 over the term of the agreement.
According to the official Ford UAW Facebook page, the signing bonus payout will be on November 4, 2011.
Jobs, investment and product guarantees in the Ford contract include:
• Flat Rock, Mich., second source for the next generation Fusion and next-generation Mustang.
• Kansas City, Mo., in-source Transit Commercial Van from Europe.
• Louisville, Ky., new unnamed vehicle in addition to 2012 Escape.
• Wayne, Mich., in-source C-Max from Europe in both hybrid and plug-in hybrid models.
Avon Lake, Ohio, in-source medium truck and frame assembly from Mexico, along with in-source Motorhome Chassis.