For auto workers, the plan was as revolutionary as Henry Ford's $5-a-day wage in 1914. This time it was Henry Ford II who pioneered in industrial statesmanship. He agreed to U.A.W. demands for a pension plan covering the Ford Motor Co.'s 107,000 workers in the Rouge and 32 other plants. The union estimates that some 5,000 workers are eligible for retirement at once.
To make the retirement plan possible, the U.A.W. said that the company assumed a massive liability of $200 million so that the plan would include the years present workers have already worked for Ford. In addition, Ford will...
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