Ford Deal With UAW Close to Approval

The United Auto Workers' four-year contract with Ford(F) looks likely to be approved when voting ends Tuesday.

Workers at Ford's largest local in Dearborn, Mich., approved the deal Sunday with 62% of 5,282 workers voting in favor of the deal, while 90% of workers voting at an assembly plant in Kansas City gave the deal clearance.

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The votes on Sunday bring the overall vote count to 62% in favor of the agreement, with 38% opposed, according to The Associated Press. Reports on Friday said the contract was in jeopardy of being voted down by a slim margin.Ford has 41,000 workers.Ford's deal is expected be more generous that one General Motors workers signed in September. Ford workers are expected to get bonuses of $6,000 -- GM workers got $5,000 -- and Ford said its agreement with the UAW includes 12,000 hourly jobs in U.S. manufacturing facilities by 2015, including jobs moved from Mexico, China and Japan.-- Written by Joseph Woelfel>To submit a news tip, send an email to: tips@thestreet.com.

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