Ford Buyout

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 ...

Ford is stuck between a rock (the United Auto Workers union) and a hard place (having too many unionized hourly workers). In order to get some of those workers out the door, the Blue Oval is forced to offer them heavy incentives just to leave. There are ten such incentive packages currently offered ...

Ford is hoping to continue the reduction of both the number of vehicles the automaker will produce and, correspondingly, its hourly blue-collar workforce. In order to make good with the UAW, the same buyout packages available last year are being extended to these unionized workers. The packages ...