Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Ford Motor Company    F   US3453708600

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Ford: 1,700 workers take early retirement offer

03/16/2012 | 04:14pm US/Eastern
Recommend:
0

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
Recommend :
0
React to this article
Latest news on FORD MOTOR COMPANY
3h ago APRIL U.S. AUTO SALES TO RISE 8.5 PE : J.D. Power, LMC
4h ago FORD MOTOR : Howell Motors Ford Participates in Seminar
6h ago FORD MOTOR : sourcing to women-owned suppliers up 50 percent in 2013
7h ago FORD MOTOR : Details of Ford Motor Company's April 2014 U.S. Sales Conference Ca..
8h ago FORD MOTOR : Media Advisory: Details of Ford Motor Company’s April 2014 U...
9h ago FORD MOTOR : Financial Releases Schedules -- Research on Aon PLC, Laboratory Cor..
11h ago Hyundai Motor launches contingency plan as stronger won knocks first-quarter ..
11h ago FORD MOTOR : Federal Appeals Court Rules for EEOC in its Disability Discriminati..
1d ago FORD MOTOR : unveils Transit Skyliner concept
1d ago FORD MOTOR : Study Findings from Ford Motor Company Provide New Insights into Me..
Advertisement
Chart
Duration : Period :
Ford Motor Company Technical Analysis Chart | F | US3453708600 | 4-Traders
Income Statement Evolution
Ford Motor Company : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF