Ford Buyouts

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 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 ...

Ford had a rough 2007, but there were bright spots, among them being news announced today that it managed to trim its fourth quarter losses compared to the same quarter in 2006. The Blue Oval announced today that it lost $429 million, or 20 cents a share, in Q4 2007. Compare that to the $2 billion, ...