Ford Is Offering A Buyout Package … 2

Heather — Tue, 22 Dec 2009 23:00:13 +0000

Alright, now that we have talked a little bit about what Ford is planning on doing, let’s go ahead and move on into the thick of things regarding the actual buyout. If you have at least one year of experience, you can take a payout of $50,000 dollars plus a new car voucher worth about $25,000 or you can just take an additional cash payment of about $20,000.

If you are of retirement age, you can take your pension plus the $25,000 new car voucher or the cash payment. Finally, if you are a skilled-trade worker, you can take a $40,000 payout plus your pension.

The workers who are going to accept the buyout will need to leave sometime in February of 2010 and any new hires will start then … at a wage of about $14.00 per hour.

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Ford Is Offering A Buyout Package … 2