Thanks to a fax sent by the United Auto Workers
union to its leaders in various regions, we now know that Ford
will be extending its job buyout offer to all 75,000 of its hourly UAW
workers. This means that Ford is more than doubling the Way Forward plan's initial offer to buy out 30,000 of its 82,000-person work force. According to the New York Times, only 6,200 workers accepted the offer the first time around, though we expect Ford is hoping its new offer is as successful as the one General Motors
made that resulted in the voluntary attrition of some 35,000 workers.
We'll have details of the buyout offer tomorrow morning, but expect it to be chock full of incentives for workers to consider leaving the company.
[Source: The New York Times]