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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.

Ford Is Offering A Buyout Package … 1

Heather — Tue, 22 Dec 2009 04:04:38 +0000

Ford – oh Ford, you survived the recession and now … even though you are doing really good on the forefront of your sales, you have decided that you are going to reduce your employees and offer them a buyout. The point? Well, they have a surplus of employees and are looking to get the unionized employees out and hire in some non-unionized employees.

Is this a smart business decision? Well of course it is – the new wage for the new hires would be half of what the old wage is, however how many people are actually going to take the buy out?

In the next blog, we will explore exactly what Ford is offering up to these folks. You do not want to miss this one!

When buying a new car, you can get rid of your old one with for the poor.