Ford Motor Company (F) Surpassed Its Hiring Pledge with UAW after 14,000 Hires

Ford Motor Company (F)

Ford Motor Company (NYSE:F) surpassed its pledge to hire 12,000 domestic workers in the next three years and it reached 14,000 after its announcement to add 1,200 jobs in the Kansas City Assembly Plant.

In its contract with the United Auto Workers union in 2011, Ford Motor Company (NYSE:F) promised to hire 12,000 workers and with its latest round of hire in Kansas, it will touch 14,000. The increase in demand of Transit Cargo Van and Ford-150 truck triggered job openings in the plant.

Joe Hinrichs, Ford America president, said,

“The job growth we have created in U.S. manufacturing is a testament to our strong partnership with the UAW, the union’s competitiveness and the growing demand for Ford’s portfolio of cars, utilities and trucks.”

In the past three years, Ford Motor Company (NYSE:F) has added jobs in Claycomo, Missouri-based plant; Chicago; Louisville; and Cleveland.

Ford Motor Company (F)

Hiring new recruits help the company in keeping its operating cost low and despite of a declining revenue in North America, Ford Motor Company (NYSE:F) recorded pretax profit of $2.44 billion in its last quarter.

Earlier, Ford Motor Company (NYSE:F) reported an increase of 7% in its European sales during the first eight months of the year. Kurga Sports utility vehicle has helped the company boost its sales in Europe and it is a relief as the company has witnessed a continuous drop in sales in the past six years. Ford Motor Company (NYSE:F) sold 762,900 vehicles until August unlike the last year’s figure of 712,400 and the company witnessed 14% increase in sales during August. In addition to the popularity of its Kurga model, improving European automobile market is driving the growth for Ford.

This article has been written by Prakash Pandey.

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