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Thursday, 29 January 2009 11:24

Ford posts record loss in '08, says no aid needed

Automaker to end jobs bank program

Ford said that the UAW has agreed to end its controversial jobs bank program, which pays UAW workers who are not working. About 1,400 employees were in Ford’s jobs bank as of November. General Motors Corp. said Wednesday its jobs bank program will end next week and Chrysler LLC ended its jobs bank program earlier this week.

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