Member access

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

Delayed Quote. Delayed Nyse - 08/29 04:00:18 pm
17.41 USD   -0.06%
14h ago FORD MOTOR : Assigned Patent
1d ago FORD MOTOR : commits $100,000 for conservation in Middle East
3d ago U.S auto sales seen ending summer without a sizzle
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
14h ago FORD MOTOR : Assigned Patent
1d ago FORD MOTOR : commits $100,000 for conservation in Middle East
3d ago U.S auto sales seen ending summer without a sizzle
3d ago FORD MOTOR : Puts First Truck Customers Behind Wheel of the All-New F-150 to Kic..
4d ago Ford, IBM win dismissal of 12-year lawsuit over apartheid abuses
4d ago FORD MOTOR : to halt Romanian production in Sept
4d ago FORD MOTOR : Researchers from Ford Motor Company Describe Findings in Polymer Re..
4d ago FORD MOTOR : Invests More Than $600,000 in New Community Programs for Kansas Cit..
4d ago FORD MOTOR : All-New 2015 Ford Mustang Begins Production at Flat Rock Assembly P..
5d ago FORD MOTOR : Road to Fuel Savings: Ford, Magna Partnership Help Vehicles Shed th..
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