Ford To Workers: Deal or No Deal?


	Ford To Workers: Deal or No Deal?

Tina Russo

2-26-2008 8:47 AM

811 views

tags:

ford, buyout, big three, general motors, chrysler, autos

Tina Russo says:

Ford (nyse: F) is offering its workers some of the most lucrative buyout packages ever, including one-time cash payments of $140,000 and family college tuition plans. Ford's employees should think hard before passing up the deals on the table because the handwriting is on the wall and the next step will be layoffs.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a7c5a781-db55-4d80-8c19-116e57a79811/69E8E53B-4460-4A46-B2F0-FE92234D7004/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2008/02/26/business/26ford.html?_r=1&ref=business&oref=slogin" href="http://www.nytimes.com/2008/02/26/business/26ford.html?_r=1&ref=business&oref=slogin" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/02/26/business/26ford.html?_r=1&ref=business&oref=slogin">The <A title="More information about Ford Motor Company" href="http://topics.nytimes.com/top/news/business/companies/ford_motor_company/index.html?inline=nyt-org">Ford Motor Company</A> is applying the hard sell these days — piling on incentives, doling out marketing DVDs and brochures, and making offers it hopes are too good to pass up.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/02/26/business/26ford.html?_r=1&ref=business&oref=slogin">But Ford’s big new push is not to sell cars. Instead, it is trying to sign up thousands of workers to take buyouts</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/02/26/business/26ford.html?_r=1&ref=business&oref=slogin"><P>The push to move workers out reflects the tough times in Detroit. Ford has lost $15 billion in the last two years, and <A title="More information about General Motors Corporation" href="http://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html?inline=nyt-org">General Motors</A> and <A title="More articles about Chrysler LLC." href="http://topics.nytimes.com/top/news/business/companies/chrysler_llc/index.html?inline=nyt-org">Chrysler</A> are also revamping after heavy losses.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/69E8E53B-4460-4A46-B2F0-FE92234D7004/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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