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Ford offers buyouts to all UAW workers
Reuters ^

Posted on 12/21/2009 12:48:47 PM PST by Sub-Driver

Ford offers buyouts to all UAW workers Photo 3:27pm EST

DETROIT (Reuters) - Ford Motor Co said Monday it is offering its 41,000 U.S. factory workers buyouts and early retirement offers in a bid to reduce its payroll costs as it aims to return to profit by 2011.

The buyouts mark the second round of such offers for Ford workers represented by the United Auto Workers union. About 1,000 workers took offers to leave the automaker in July.

Ford workers have until late January to accept the offers, which include payouts of up to $70,000 cash for newer hires to $60,000 cash for veterans already eligible for retirement.

"Despite a strengthening in our business, we still have a surplus in employees," said Ford spokesman Mark Truby.

(Excerpt) Read more at reuters.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; US: Michigan
KEYWORDS: automakers; detroit; ford; fordmotor; uaw; unions
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To: Sub-Driver

An entire nation held hostage to a hereditary workers’ guild.


21 posted on 12/21/2009 1:03:51 PM PST by Seruzawa (If you agree with the French raise your hand - If you are French raise both hands.)
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To: Sub-Driver

YOUR FIRED!


22 posted on 12/21/2009 1:05:21 PM PST by headstamp 2
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To: GreyFriar

Is this a union-busting strategy?

Possibly. Ford competes with two American Car companies owned by the UAW. If it buys out its current union staff it can then say to the UAW to take a hike based on Anti Trust basis. The anti-trust laws are intended to prevent monopolies, the UAW cannot own a car company and then represent the workers of its competitors. I don’t think bammy and his minions really thought this one through. Ford will become a freemans company and with its newly designed fleet of cars will be able to run circles around GM and Chrysler. Look for Ford to implement their flex manufacturing with a freemen workers. They do it in Brazil with very good results. Imagine the amount of featherbedding they rid themselves of that GM and Chrysler have to maintain. This is what I think they are up to, whether they can pull it off in a facist state remains to be seen. If they are successful, I will buy their cars.


23 posted on 12/21/2009 1:06:17 PM PST by equalitybeforethelaw
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To: headstamp 2

(psssst.... It’s “you’re”, as in “you are”)


24 posted on 12/21/2009 1:06:30 PM PST by TChris ("Hello", the politician lied.)
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To: stylin19a
I seem to have noticed, lately, that Ford's TV commercials treat Toyota and Honda as "the competition".

Not GM and Chrysler.

25 posted on 12/21/2009 1:07:47 PM PST by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: Sub-Driver

Shoulda bought Ford stock when it was around $1.


26 posted on 12/21/2009 1:08:13 PM PST by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: stylin19a

Problem is they may well ask for a bailout to pay for it!


27 posted on 12/21/2009 1:08:40 PM PST by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: NVDave
I might just buy a buttload of F.

I did...when it was under $2/share.
28 posted on 12/21/2009 1:09:35 PM PST by Army Air Corps (Four fried chickens and a coke)
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To: equalitybeforethelaw
Ford will become a freemans company and with its newly designed fleet of cars will be able to run circles around GM and Chrysler.

In the short run, that would be VERY, VERY difficult. Government-owned Chrysler and GM have, essentially, unlimited resources at their disposal. Whatever they do, the taxpayers must pay. (After all, they're Too Big To Fail!)

Ford doesn't have unlimited resources.

29 posted on 12/21/2009 1:10:15 PM PST by TChris ("Hello", the politician lied.)
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To: TChris

You still seem to have gotten the drift, o’ wise one.


30 posted on 12/21/2009 1:12:45 PM PST by sanjuanbob
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To: Sub-Driver

Can they do this?


31 posted on 12/21/2009 1:14:15 PM PST by Plutarch
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To: Sub-Driver

ALL of them?? Pretty amazing, isn’t it?


32 posted on 12/21/2009 1:14:27 PM PST by wendy1946
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To: NVDave

“There’s something else that Ford is probably looking to end-run here too, which is the UAW’s habit of “pattern bargaining”...”

Since the UAW owns part of Chrysler & GM, while Ford is doing alright without government welfare, I think the UAW will select Ford as their target company for negotiating. If they choose Chrysler or GM they will be negotiating against thenselves.


33 posted on 12/21/2009 1:16:05 PM PST by mouske
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To: sanjuanbob

Yore rite. Speling shudunt matr. If u kin till watt he meens, than its awl gud.


34 posted on 12/21/2009 1:18:26 PM PST by TChris ("Hello", the politician lied.)
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To: GreyFriar
Is this a union-busting strategy?

If it is, I'll never drive anything but a Ford for the rest of my life.

35 posted on 12/21/2009 1:21:22 PM PST by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: thefactor

I know. It hurts. Soon as they said no to the bailout I should have bought as much as I could gobble up. Think it was about 2.2 at the time (Oct 24, 08). They are at a 3 year high of 9.68 today.

That would have been nice rate of return.


36 posted on 12/21/2009 1:22:38 PM PST by Domandred (Fdisk, format, and reinstall the entire .gov system. I am Jim Thompson.)
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To: Terpfen

Not like there is a shortage of workers in Detroit.


37 posted on 12/21/2009 1:25:00 PM PST by John Will
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To: My Favorite Headache
Well I faced just that decision, ten years with company.....was offered a 50% cut in hours or take severance and done. It was the forth cut.

I high tailed it much to their surprise. They thought they were doing me a favor offering part-time. But with the economy and this business tanking. I just needed to move on and use my time to focus on new employment.

Bottom line, no matter how pretty they said it...I was fired! Why would you stay at a company that fires you? And I'm the soul supporter ta boot! I have not yet regretted that decision and don't expect to. But every one has to determine this decision themselves, and I sought many advisors before I made it.

38 posted on 12/21/2009 1:25:34 PM PST by caww
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To: TChris

In the short run, that would be VERY, VERY difficult. Government-owned Chrysler and GM have, essentially, unlimited resources at their disposal. Whatever they do, the taxpayers must pay. (After all, they’re Too Big To Fail!)

GM and Chrysler will be around until 2012, then they will have to repay the govt or be broken up. At that time, should Ford’s buyout plan work, they will be able to sell cars at a profit while GM/Chrysler sell cars to fund their workers retirement plan. Amazing thing about profits, they allow you to stay in business, innovate and attract investors. Should Ford once again become master of their domain, they will be very profitable. Their vehicles have quality and without the cost and restraints of UAW they will become very profitable. If Ford is successful, look for the UAW to waste away to nothing. Maybe they can represent the bowling alley pin setters?


39 posted on 12/21/2009 1:26:14 PM PST by equalitybeforethelaw
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To: stylin19a

GM and Chryslwer should have gone into bankruptcy and voided the contracts with the union.


40 posted on 12/21/2009 1:26:52 PM PST by Blood of Tyrants (The Second Amendment. Don't MAKE me use it.)
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