Ford Offers Buyouts to All Factory Workers

By: admin
Published: December 21st, 2009

Here it is…From Blue collar worker economy to On call worker economy… or as I see it – things are getting worst

I wonder who is going to buy these cars now, when everyone is out of work

From CBS

Automaker Also Offering Hourly Workers Early Retirement Packages in Effort to Slash Factory Work Force

Ford Motor Co. says it is offering buyout and early retirement incentives to all of its 41,000 U.S. hourly workers to further reduce its factory work force.

Company spokesman Mark Truby said Ford still has too many factory workers for its current sales levels.

He would not say how many workers the company wants to leave but said Ford is working that out with the United Auto Workers union. Ford currently has about 600 blue-collar workers laid off but available for recall.

The buyout offer includes $50,000 cash plus a $25,000 car voucher or $20,000 more in cash. The retirement package includes $40,000 cash for skilled trades and $20,000 for production workers.

VN:F [1.9.3_1094]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.3_1094]
Rating: 0 (from 0 votes)
This entry was posted on Monday, December 21st, 2009 at 11:38 pm and is filed under Business, Debt, Depression, Doom, Economy, Finance, Insanity, Investments, Jobs, Markets, Society, Stagflation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

0 Comments on “Ford Offers Buyouts to All Factory Workers”

Subscribe to this post's RSS feed

0 Trackbacks/Pings (Trackback URL)

Leave a Reply




Comment:

Recent Entries

Recent Comments

Social Network









the Cynical Economist at Blogged
Wikio - Top Blogs