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4-Traders Homepage  >  Equities  >  Nyse  >  Ford Motor Company    F

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Ford: 1,700 workers take early retirement offer

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03/16/2012 | 10:14pm CEST

About 1,700 Ford Motor Co's (>> Ford Motor Company) workers accepted early retirement offers and most of them will leave the No. 2 U.S. automaker by June 1.

About 1,700 Ford Motor Co's (>> Ford Motor Company) workers accepted early retirement offers and most of them will leave the No. 2 U.S. automaker by June 1.

The buyouts were offered as part of the Ford's contract talks with the United Auto Workers last fall. Ford employs 41,000 UAW-represented workers.

Ford offered $50,000 to eligible production workers who retired by March 31, 2012. The company also offered a $100,000 bonus for skilled trade workers who retired by that date.

Ford spokeswoman Marcey Evans said Ford expects the "majority" of employees who agreed to the buyout to leave by June 1. Others who opted to take the buyout earlier this year have already started to leave.

By reducing the number of older workers on their payroll, Ford, General Motors Co (>> General Motors Company) and Chrysler Group LLC (>> Fiat SpA) is creating room to hire new workers at lower wages.

(Reporting By Deepa Seetharaman; Editing by Richard Chang)

Stocks treated in this article : Ford Motor Company, Fiat SpA, General Motors Company
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Financials ($)
Sales 2016 143 723 M
EBIT 2016 7 728 M
Net income 2016 8 148 M
Finance 2016 3 058 M
Yield 2016 6,31%
P/E ratio 2016 6,78
P/E ratio 2017 6,85
EV / Sales 2016 0,36x
EV / Sales 2017 0,36x
Capitalization 54 984 M
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Mean consensus HOLD
Number of Analysts 19
Average target price 14,5 $
Spread / Average Target 5,0%
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Managers
NameTitle
Mark Fields President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Robert L. Shanks Chief Financial Officer & Executive Vice President
Raj Nair Chief Technical Officer
Marcy Klevorn Chief Information Officer & Vice President
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Sector and Competitors
1st jan.Capitalization (M$)
FORD MOTOR COMPANY-1.77%54 984
TOYOTA MOTOR CORP-21.00%183 453
DAIMLER AG-23.29%69 871
VOLKSWAGEN AG-9.83%69 427
BAYERISCHE MOTOREN WER..-22.67%53 717
GENERAL MOTORS COMPANY-5.44%50 231
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