BuyoutPackages

According to Ford spokesman Mark Truby, "Despite a strengthening in our business, we still have a surplus in employees." Union employees to be specific. As such, Ford has just announced plans to reduce its unionized workforce by offering a buyout package to all 41,000 UAW members currently ...

GM is struggling with costs in the wake of historically poor automotive sales, and the Detroit automaker is offering more UAW buyouts to trim its blue-collar workforce. The incentive package includes $20,000 in cash and another $25,000 in car voucher form. GM is also looking for workers over the ...