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Ford extends incentives to U.S. factory workers to retire
2009-12-22 15:58:55 (GMT) (Caymanmama.com - Automotive Business News)
Detroit, Michigan (CaymanMama.com) — The holidays might be a glum time for some of the 41,000 hourly factory workers at Ford Motor Co.’s U.S. facilities.
The automotive giant has reportedly offered buyout or retirement incentive packages to all of its U.S. factory workers in an effort to reduce its factory work force.
According to the Associated Press, “Ford, the healthiest of Detroit’s three automakers and the only one to avoid government aid and bankruptcy protection, still has more workers than it needs to produce cars and trucks at current sales levels, said company spokesman Mark Truby.”
Truby did not indicate how many workers were expected to accept the incentive packages, would would come in cash payments and other alternatives including vouchers to purchase cars and short-term health insurance coverage.
“We’re just going to try to right-size our manned capacity and align it with demand,” Truby said.
Ford Motor Co. currently has 634 blue-collar workers on layoff in the United States.
CaymanMama.com - Press Release Distribution Service
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