Community | December 22, 2009 | 11 comments

Ford: Buyouts, early retirement offered to all 41,000 of U.S. hourly workers

source: http://www.huffingtonpost.com/2009/12/21/ford-buyouts-early-retire_n_399731.html

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Ford Motor Co. has offered buyout or retirement incentive packages to all of its 41,000 U.S. hourly workers as it tries to further reduce its factory work force. Ford, the healthiest of Detroit's three automakers and the only one to avoid government aid and bankruptcy protection, still has more workers than it needs to produce cars and trucks at current sales levels, said company spokesman Mark Truby.
(Krisher, T., 2009, December 21, para. 1-2)

Details on the buyout packages at the link:
http://www.huffingtonpost.com/2009/12/21/ford-buyouts-early-retire_n_399731.html
  1. groups:
    Community,   The Retail Sector,   US Economy
  2. tags:
    Unemployment,  Auto,  Ford,  Automobile,  3 more
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11 comments // Ford: Buyouts, early retirement offered to all 41,000 of U.S. hourly workers

  • Admirable
    • 0
      Admirable  

    • Bad Management, Bad design. Inefficient Automobiles, Poor Strategy, Bad Marketing. Overpaid Executives and Leadership. Golden parachutes for bad performance by Senior Level Company Leadership. Manufacturing base outsourced to Mexico and Asia.

      The Unions were the only decent thing to happen at Ford Motor Company.

    • 2 years ago
  • rebel403910
    • 0
      rebel403910  

    • Everybody wants to blame the union....People, it was the union that that suggested to the company to manufacture smaller more efficient cars. However due to corporate greed, the car makers choose to manufacture the gas guzz..to make the big money...And lets all be informed, exactly what is the union's job ?? It is to get the best possible package for the membership it represents,. Sound like the union did there job..Corporate did not..

    • 2 years ago
  • artemis6
    • 0
      artemis6  

    • It is not the unions' fault . Do you think those jobs are staying in the this country ? They are going elsewhere . Places that have healthcare ford doesn't have to pay , to the few people who watch the robots that will actually make the cars . They have to go to a country with enough free education for many to qualify for that job in the first place .

    • 2 years ago
  • zack
  • jaystyx
    • 0
      jaystyx  

    • Ford is just covering their ass for when they have to lay these employees off in the future. When you offer early retirements and buyouts, it is not as hard to lay off employees who do not opt to use them.

    • 2 years ago
  • Ihatethemall
  • L4YER_CAK3
    • 0
      L4YER_CAK3  

    • I agree people got greedy. How can you expect to sustain a company that paid workers to sit and do nothing. Nearly everyone in my hometown had a family member or neighbor that worked at GM, people decided against getting a college education because they made good money working on the line. Sad. Greedy. Lazy. Even as a kid I knew it wouldn't be long before it all went to hell. Now when I go home all I hear is how Mr. So-and-so lost his job and went from making $80,000 to $12,000 washing floors at the hospital. Well that's what a high school education gets you an entry level job, maybe he should have saved up when he was making $80,000 for 20 years with no school loans to payback.

    • 2 years ago
  • NotFooled
  • Maitereya
  • afloyd60
    • 0
      afloyd60  
    • Maitereya:

      the government shares a great deal of fault for creating the current environment and the people of this country share some blame because they allowed it to happen. the govt. needs to be reigned in and constrained to it's constitutional limits. get them out of the economy, business, our lives, our property, etc. and our people and our businesses would prosper.

    • 2 years ago
  • zack
    • 0
      zack  
    • Maitereya:

      Removing Governing powers from the economy will not save businesses, we need to increase gov involvement in helping regulate free markets. the model by which capitalist companies live and/or die by does not allow for any fair treatment, only for the raping and pillaging of the world, resources and people, globalization, and tyranny. Instead a strong central authority to see that this model better serves the good will and justice to the citizenry that is serves. then people in all walks of life, the seller, buyer, worker, owner. Could all thrive without determent to each other.

    • 2 years ago
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