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Quick Takes: February 27, 2007
  

The Way Backward: Ford May Rescind Some Buyouts


In some departments, too many Ford employees have accepted the buyout offer.
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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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