Ford Approves New Labor Contract
Ford U.S. factory workers have approved a new four-year labor contract.
The last hold-outs were workers in the Louisville, Kentucky Factory. Today they voted the agreement into effect.
The contract covers 41,000 Ford workers in the U.S.
The automaker and the UAW reached the agreement October 4, but it needed to be ratified by workers.
Most workers won't get annual raises under the contract, but they will get profit-sharing checks.
They'll also get a $6,000 bonus for approving the agreement and billions in investments in their plants.