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The Way Backward: Ford May Rescind Some Buyouts
In some departments, too many Ford employees have accepted the buyout offer.
The Way
Backward? Even when things seem to
go right for Ford Motor Co. lately, they end up going wrong. The automaker’s
plan to offer early retirement buyouts to employees has been wildly
successful—too much so, apparently. Now Ford might deny the promised buyouts to
some employees because too many people have signed up, according to the Detroit Free Press. Ford is undergoing a
massive
restructuring and wants to trim about 10,000 white-collar jobs in 2007,
including early retirements. “But in a department or
two, some [employees] may be told they can’t take buyouts” because more people
than expected have decided to accept. Ford has says it reserves the right to
limit the number of workers who qualify.—Garry
Kranz
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Index: Quick Takes — February 27, 2007
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