We welcome you to JobBank USA and hope your job hunting experience
is a pleasant one. We hope you find our resources useful.
November 28, 2006
DETROIT - Time may have run out for 75,000 Ford Motor Co. production workers to make one of the biggest decisions of their lives: Whether or not to leave the company by taking buyout or early retirement offers.
Ford, faced with lower demand for its products, hoped 25,000 to 30,000 workers would take one of eight packages so it could reduce manufacturing capacity to better match demand.
The deadline was late Monday night. Ford will announce the number of people taking the buyouts later this week.
Ford officials won't say how many workers signed up, but they say they are pleased with the numbers.
President of the Americas Mark Fields has said the company expects fewer than 40 percent of the workers to leave. Before the latest round of buyouts was announced, Ford had made offers to workers at a limited number of plants, and about 5,200 workers decided to go, Ford said.
That means Ford needs about 20,000 more workers to take the new round of buyouts and early retirements to reach the low end of its target range.
Email This Page!