US:Ford white-collar buyout effort starts today
Ford white-collar buyout effort starts today
DETROIT FREE PRESS STAFF
Most of Ford Motor Co.'s white-collar workers will get buyout offers by the end of this week.
The massive effort starts today and involve mostly individual meetings between thousands of lower- to midlevel salaried workers and their supervisors, Ford spokesman Tom Hoyt said Friday.
The salaried workers will face an agonizing holiday decision on whether to take the offers. The workers will have until Jan. 5 to decide.
If Ford does not reach its target of payroll cuts after Jan. 5, the automaker could be forced to involuntarily cut workers, Hoyt said.
Ford already made offers to certain upper management positions. Hoyt would not say how many offers will go out.
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.....