Posted on 12/21/2009 12:48:47 PM PST by Sub-Driver
Ford offers buyouts to all UAW workers Photo 3:27pm EST
DETROIT (Reuters) - Ford Motor Co said Monday it is offering its 41,000 U.S. factory workers buyouts and early retirement offers in a bid to reduce its payroll costs as it aims to return to profit by 2011.
The buyouts mark the second round of such offers for Ford workers represented by the United Auto Workers union. About 1,000 workers took offers to leave the automaker in July.
Ford workers have until late January to accept the offers, which include payouts of up to $70,000 cash for newer hires to $60,000 cash for veterans already eligible for retirement.
"Despite a strengthening in our business, we still have a surplus in employees," said Ford spokesman Mark Truby.
(Excerpt) Read more at reuters.com ...
stop confusing things with facts.
Yeah, that will happen.
NOT!
Don't expect ANYTHING from this administration to turn out the way it was sold, FRiend.
I remember hearing when they said no to the bailout and thinking that Americans would reward them for that.
This would fit in nicely with my plan to stop working when all these new taxes on my labor begin. I am not going haul my old body out of bed every day to have the leeches suck more blood from me. I’m going to become a leech.
Right off the Ford payroll, and right on to our payroll (tax payers).
good call
They didn’t screw me by taking bailout cash. I rewarded their good behaviour. ;-)
Hell if they can destroy the UAW they've got a fighting shot at making Michigan a right-to-work state.
Much the same happened with American Axle. I bought when it was 1.88/share. It is much more than that now.
If I were them I would take the money and run.....
and run fast. I have a relative and her husband who worked for GM in Janesville, WI. For a few years they were offered buyouts including large sums of cash plus a new car to go out and spend it in. Well, they didnt take the buyouts and when GM closed shop they got nothing. I can imagine the union telling the employees “stay, it will get better”. Silly, isnt it.
Then what do they do, rehire as non-union and compete with the transplants?
Good luck to Ford in getting rid of the Union.
In the ObamaNation, they can, and they do. Don't hope for that to change any time soon.
Ford is soaring because it hasn’t been taken over.
Saw a video I believe of a Ford plant in Brazil. Highly efficient, the various parts manufacturers bring their stuff right to the assembly line so the cars can be completed as ordered in record time.
Then the video explains the United States cannot have such plants because the unions prevent manufacturers from participating in this way.
Good idea.
The Virginia F-150 plant operates that way or pretty close to it.
move headquauters and some manufacturing to a right to work state like Texas... that’s a union busting strategy!
And what if their unions command that NO ONE takes this offer? What happens to Ford then?
Yes, and no it's more of a reality check, but the boards need to think of this in both direction, one you cannot compete with china and cheap labor with union rates, neither can you compete with china paying your worthless CEO and board 100's of millions of dollars. They all need a little dose of we are not going to have a job shortly.
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