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Buyouts Offered To Ford Employees

Ford Motor Co. will be offering buyouts orhas the best information available to make
early retirement packages to its 75,000that  decision."
hourly-paid employees. The offer will be
available to said employees starting Oct. 16.Ford has earlier publicized its intention to
Moreover, salaried workers are given morecut approximately 30,000 hourly jobs and
than one chance to accept a buyout. However,14,000 salaried jobs by the end of 2008. Said
employees who are represented by the Unitedcut will trim down Ford's total North
Auto Workers union must have decided beforeAmerican work force by 29 percent. From about
Nov. 27. After said date, they can no longer130,000, current work force, it will be
claim the option to choose either one ofreduced  to  about  92,000.
eight  buyout  programs or stay on with Ford.
Mulloy refused to divulge the number of
The programs to be offered by Ford compriseworkers who are expected to take a buyout
lump-sum payments of up to $140,000 as wellpackage. However, he said that the buyouts
as reimbursement of tuition besides thewill take effect next year. Ford will begin
traditional early-retirement packages. Thewith the briefing with employees on Tuesday.
Dearborn-based automaker, which is famous forThe briefing will be about their eligibility
its best-selling Ford F-Series pickup partsfor a range of early retirement incentives.
and trucks, have started its educationalMulloy also noted, "Most people will start
workshops and career fairs. This is done toleaving  after  the  first  of  the  year."
lend a hand to blue-collar workers in
weighing  available  career  options.Those employees who will accept buyouts are
expected to leave Ford by the end of
"We've put what we think is a very generousSeptember next year. This fact was announced
offer on the table," Martin Mulloy, Ford'sto the media by Marcey Evans, spokeswoman of
vice president of labor relations, saidthe automaker.
Monday. "We want to make sure each employee



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