Member access

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

Delayed Quote. Delayed Nyse - 07/30 04:01:34 pm
17.46 USD   -0.63%
1d ago FORD MOTOR : New Atmospheric Chemistry Findings from Ford Motor Company Des..
1d ago FORD MOTOR : Dealership Partners With Mc Team Boosters
1d ago FORD MOTOR : recalls SUVs in China
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
1d ago FORD MOTOR : New Atmospheric Chemistry Findings from Ford Motor Company Describe..
1d ago FORD MOTOR : Dealership Partners With Mc Team Boosters
1d ago FORD MOTOR : recalls SUVs in China
1d ago FORD MOTOR : ex-dividend day
2d ago FORD MOTOR : All-New Deepsoft Leather Allows Lincoln to Bridge Past and Present ..
2d ago FORD MOTOR : Let’s Talk: Plug-In Electric Vehicles and Energy Companies Ar..
2d ago FORD MOTOR : Luxfer Announces First Delivery of New G-Stor® Go Type 4 CNG Cylind..
2d ago FORD MOTOR : Introduces New Rugged Ranger Derivative
2d ago FORD MOTOR : launches Innovate Mobility Challenge
3d ago FORD MOTOR : Exclusive: GM moves next version of big pickups ahead by nine month..
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