abstract:The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, better known as the United Automobile Workers (UAW), is an American labor union that represents workers in the United States and Puerto Rico, and in the country of Canada. Founded as part of the left-wing Congress of Industrial Organizations (CIO) in the 1930s, the UAW grew rapidly from 1936 to the 1950s.
Ford Motor ( F - news - people ) announced it would be offering buyout or retirement incentive packages to all 41, 000 of its hourly, UnitedAutomobile Workers-represented workers in the U.S. The company is trying to reduce payroll costs as a step toward regaining profitability by 2011.