• Oct 24th 2006 at 9:35AM
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During a conference call yesterday, FoMoCo's President, Mark Fields, announced that over 4,000 workers would take early retirement from the Ford-owned Visteon plant in Michigan.
Employees had until last Friday to make their decision and of the 10,400 workers currently employed at the plant, 40-percent have decided to take the buyout. That rate was higher than expected and will hopefully be an indicator of the 75k employees Ford hopes to retire by the end of 2008.

Ford intends to shutter 16 plants in the next two years and workers have until November 27th to take the buyout Ford has offered.

[Source: The Detroit News]

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