• Most Popular
  • Most Shared

Ford says strike at Russian plant to end Dec 17

ST PETERSBURG, Russia
Fri Dec 14, 2007 9:03am EST

Stocks

   
A truck leaves the Ford car factory in Cologne November 16, 2007, while a train loaded with cars sits on a rail track. U.S. car maker Ford Motor Co will resume full production at its Russian plant on Monday after a four-week strike that threatened to curtail a planned increase in output. REUTERS/Wolfgang Rattay

ST PETERSBURG, Russia (Reuters) - U.S. car maker Ford Motor Co (F.N) will resume full production at its Russian plant on Monday after a four-week strike that threatened to curtail a planned increase in output.

Stocks

Ford said in a statement on Friday discussions on a pay deal for its employees would begin after work had restarted on the full three shifts. The plant near St Petersburg has been running on two shifts since December 10.

Workers, who began the strike on November 20, are demanding a 30 percent wage increase. High inflation in Russia has fuelled demands for higher salaries across the country.

"This morning the trade union ... told us they are ready to commence negotiations on the full package of items for the 2008 contract within a schedule agreed by both parties today," Ford said in the statement.

Local union leaders were not immediately available for comment.

During the strike, factory bosses have said they would not negotiate with unions until all employees had returned to work.

"Negotiations on the new 2008 labor contract package will begin on Monday," Theo Streit, the plant's director, said.

The Vsevolozhsk plant normally operates three shifts per day using around 2,000 workers and producing 300 Focus model cars per day. Production on a single-shift basis resumed on November 28.

The Ford factory in Russia plans to invest $100 million to increase capacity to 125,000 cars per year. The head of the factory had warned that the strike may affect these plans.

(Reporting by Denis Pinchuk; Editing by Quentin Bryar)



More from Reuters

No deaths in Jamaica American Airlines accident

MIAMI (Reuters) - An American Airlines Boeing 737 overshot the runway while landing in driving rain at the international airport in Kingston, Jamaica on Tuesday night, but the company said there were no fatalities or serious injuries.

Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article