Ford to offer buyouts to U.S. workers
From Times Wire Services
Ford Motor Co. is expected to offer a new round of buyouts to all of its 54,000 hourly workers in the U.S., a move that could trim thousands of jobs and pave the way for lower-wage replacements.
Under the Dearborn, Mich.-based company’s new contract with the United Auto Workers, which was reached in November, the company can replace employees taking the buyouts with workers who would be paid $14.20 an hour, or about half the wage of a current worker. Under the contract, as much as 20% of Ford’s U.S. hourly workforce could be paid the lower wages.
