Stacy94PGT

Ford exit offers expire tonight

BY KATIE MERX

DETROIT FREE PRESS BUSINESS WRITER

Today is the final day for Ford Motor Co. union employees to volunteer to take a buyout.

Ford is offering eight buyout packages to its 75,000 U.S. factory workers as part of a plan to stop the automaker's losses in the United States.

The company is in the midst of slashing 30,000 hourly and 14,000 salaried jobs by 2008 following a loss of $7 billion in the first three quarters of the year.

Workers must deliver paperwork to their factory labor relations offices by midnight to be eligible for a buyout. If their circumstances change, they could withdraw the request. Workers who don't volunteer would not be able to apply later.

Buyout offers include flat payments of $100,000 with short-term health coverage, tuition reimbursement and early retirement packages.

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Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....