Ford Offers Buyouts to All Factory Workers

[medbiller777]

Ford Motor Co. says it is offering buyout and early retirement incentives to all of its 41,000 U.S. hourly workers to further reduce its factory work force.

http://www.cbsnews.com/stories/2009/...CBSNews.com%29

2010 is not going to get better.

[JWX2]

This is NOT good!!!

Also...it is not a surprise...

[cocopea9052]

Yep, I heard this on the news. Ford is saying the still have too many hourly workers for their "plans"....downsizing continues....ever with the bailout..... I wonder how this will affect things in Michigan....they are already bottomed out.

[in_his_stead]

Every day it seems to be something new. Another company is closing its doors or laying off or cutting hours. A friend of mine is in IT and she told me there are 3 openings in her company, but they are not allowed to hire any US citizens. ONLY outsourcing those jobs to other countries.

Also, my X husband works for Intel and he is now training non-US citizens in the type of work he does. They also are not hiring US, but also outsourcing to other countries.

Very scary. He says he is not sure how long he will have a job in this country and he has been in the same field for 26 years.

[medbiller777]

Every day it seems to be something new. Another company is closing its doors or laying off or cutting hours. A friend of mine is in IT and she told me there are 3 openings in her company, but they are not allowed to hire any US citizens. ONLY outsourcing those jobs to other countries.

Also, my X husband works for Intel and he is now training non-US citizens in the type of work he does. They also are not hiring US, but also outsourcing to other countries.

Very scary. He says he is not sure how long he will have a job in this country and he has been in the same field for 26 years.

And unfortunately this is not going to get any better either. With all the new taxes and regulations alot of companies are going to be outsourcing oversees. It is so sad for all those who trained for and worked hard in a career they love just to watch there job disappears oversea's.

[antitox]

It's coming and FascistBama is bringing it through the doors by the truckload. We are going to be globalized as a result of bankrupting or at least severely weakening our system and get swallowed up globally.

This is his plan. The more difficult he makes it for us to be financially independent within our borders, the more outsourcing and the more dependent on the world system we will become because we will no longer have our own financial base to rely on.

It'll be here soon. But I hope I'm wrong.

[mustang]

Buyouts aren't always bad for the emplyees. I know someone who took one because they were going to retire anyway and they got a good deal. At least Ford is offering a good package rather than just getting rid of people like a lot of companies.

[Paul M]

I think the buyout option is pretty sweet. 50 thousand bucks plus a 20 thousand car voucher? You could do ALOT worse these days.

[drjoshua]

And unfortunately this is not going to get any better either. With all the new taxes and regulations alot of companies are going to be outsourcing oversees. It is so sad for all those who trained for and worked hard in a career they love just to watch there job disappears oversea's.

Didn't Obama criticize Bush's policies that drove jobs overseas? Where's the media on this?

[annie43]

We retired from Ford in 2002, so I can honestly say they are getting off cheap with the buyout compared to what they pay for our monthly retirement benefits plus medical coverage. Even if David should pass on, I still will get 65% of his pension plus free medical til I die, so I'd think twice about taking a buyout versus a retirement!

[HisAlways]

They want to get rid of the union. Unions have broken most of the manufacturing in my town. My company is one of the last ones still operating, in spite of many layoffs company wide. I was in IT, and lost my job 10 months ago. The company is STILL laying off. Now, it is customer service people.

Harley is also in my town. They will be laying off over 900 workers in the next year. There used to be thousands employed by that factory, and now they will be down to about 800 workers.

Caterpillar is another example. They were once this town's biggest employer, until the union kept demanding more and more. There is not a trace of them left here anymore.

[Rob83]

Of the big 3 I still feel that Ford will pull out of this ( not so sure about GM and Chrysler ).
This downsizing tells me they are doing what they need to do to stay afloat.

This new economic reality is terrible but at least they are making move to protect their longevity. I won't complain too much because they did NOT take any bailout money.

[littlesmom]

The buyouts are so that they can pay new workers about half the wages. Then who is next after the car companies?

[tardisdoctor]

Of the big 3 I still feel that Ford will pull out of this ( not so sure about GM and Chrysler ).
This downsizing tells me they are doing what they need to do to stay afloat.

This new economic reality is terrible but at least they are making move to protect their longevity. I won't complain too much because they did NOT take any bailout money.

Good to see some good management principles.