TU-TESL

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According to foreign media reports, it took only three days to reach an interim agreement with UAW. Under the interim agreement, Ford will invest $6 billion in the U.S. domestic market in the future. The plan will create 8500 jobs and 55000 temporary workers will be entitled to the benefits provided by Ford. After signing a temporary agreement with Ford, UAW turned its attention to FCA (Fiat Chrysler). "Ford and UAW have reached an interim agreement," according to a person familiar with the matter, regular workers who have signed an interim agreement with Ford will receive a signing bonus of $9000 per person, while temporary workers will receive a signing bonus of $3500. Ford was able to close its Michigan plant, the only U.S. plant it had planned to close during the negotiations. "Ford will close its engine plant in Michigan" was not surprised by the news that Ford and UAW would soon reach a temporary agreement. Compared with GM, Ford does not need to close so many US factories (GM plans to close four factories); Ford has not carried out large-scale capacity migration, according to LMC consulting company, 80% of its capacity is set in the US; Ford has not done too much entanglement in employee health care, insurance and other welfare issues. In fact, an early agreement with UAW may be more conducive to Ford's smooth future planning. According to the information that has been exposed, GM lost at least $2 billion and the output of at least 300000 vehicles due to the strike for more than 40 days. However, GM did not get too much benefit from UAW. The new contracts include strengthening investment in the United States, providing employee benefits, opening channels for temporary workers to be promoted to formal workers, etc. "Ford is more willing to focus on other places." in view of the result of GM's struggle with UAW, Ford is more willing to focus on other places. It is reported that in order to implement its 2020 plan, Ford is stepping up the pace of "slimming" in the European market. By the end of 2020, Ford will cut 12000 people and 5 manufacturing bases in the European market. In the Chinese market, Ford has also formulated a more radical "Ford China 2.0" strategy. According to this plan, Ford will launch more than 3 in the Chinese market in the next three years 0 Ford and brand new cars, more than 10 of which are new energy models.