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Ford wraps tough year with more buyout offers
Ford wraps tough year with more buyout offers
Posted on Tuesday, December 22nd, 2009 at 10:21 AM EST.(Employee News)
Ford Motor Co. is once again offering company-wide buyouts to U.S. factory workers in a bid to further reduce its hourly work force, The Detroit News reported.
Ford is offering two incentive plans to all 41,000 members of the United Auto Workers, worth up to $50,000, the paper said. The automaker began sending details about the offers to workers at all U.S. factories last week, the News said.
Workers have until Jan. 22 to decide, according to the report. Ford said workers who sign up will start leaving the company on Feb. 1, with most departing by March 1, The News said.
Ford already has cut its North American hourly work force from 90,000 at the end of 2006 to just over 50,000 at the end of September, the story said. (The Detroit News)
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Nitro Year: 2007 (1 of 113,000 sold)
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