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March 10, 2009

Ford and UAW Agree on New Compensation Plan
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In other labor news, Ford and the United Auto Workers have reached a
deal where the union has agreed to cuts in their compensation package,
including a freezing of wages and restructuring retirement benefits. In
exchange, Ford made commitments to the UAW to seek sacrifices from its
executives, salaried employees and bondholders. The new deal is expected
to save Ford millions of dollars.



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