Labor & Economic News Blog

Monday, December 11, 2006

Ford now aims buyouts at white-collar staff

Ford now aims buyouts at white-collar staff
In StarTribune.com Business
DEARBORN, MICH. - Ford Motor Co. will begin offering buyouts to the bulk of its white-collar workforce Monday as part of the automaker's ongoing effort to cut its payroll and return to profitability. In most departments, Ford is expected to offer buyouts to 85 percent of salaried employees. Ford said in September that it plans to cut 10,000 of its 38,500 U.S. salaried positions by 2008. The company hopes to meet that goal through voluntary buyouts, but it has said it will resort to involuntary layoffs if necessary.

 



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