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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 2017 142 320 M
EBIT 2017 5 760 M
Net income 2017 6 135 M
Finance 2017 9 580 M
Yield 2017 6,27%
P/E ratio 2017 7,28
P/E ratio 2018 6,92
EV / Sales 2017 0,25x
EV / Sales 2018 0,33x
Capitalization 44 957 M
Chart FORD MOTOR COMPANY
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Ford Motor Company Technical Analysis Chart | F | US3453708600 | 4-Traders
Technical analysis trends FORD MOTOR COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 12,7 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Robert L. Shanks Chief Financial Officer & Executive Vice President
Jeff Lemmer Vice President & COO-Information Technology
Ken Washington Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
FORD MOTOR COMPANY-4.95%44 957
TOYOTA MOTOR CORP-11.60%178 581
VOLKSWAGEN1.87%80 044
DAIMLER-13.86%75 963
BAYERISCHE MOTOREN WERKE-8.52%59 790
GENERAL MOTORS CORPORATION2.81%54 056