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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: Blood of Tyrants

stop confusing things with facts.


41 posted on 12/21/2009 1:28:23 PM PST by stylin19a
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To: equalitybeforethelaw
GM and Chrysler will be around until 2012, then they will have to repay the govt or be broken up.

Yeah, that will happen.

NOT!

Don't expect ANYTHING from this administration to turn out the way it was sold, FRiend.

42 posted on 12/21/2009 1:28:49 PM PST by TChris ("Hello", the politician lied.)
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To: Domandred
Their 52 week low was $1.50. Ugh!

I remember hearing when they said no to the bailout and thinking that Americans would reward them for that.

43 posted on 12/21/2009 1:29:44 PM PST by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: Sub-Driver

This would fit in nicely with my plan to stop working when all these new taxes on my labor begin. I am not going haul my old body out of bed every day to have the leeches suck more blood from me. I’m going to become a leech.


44 posted on 12/21/2009 1:30:41 PM PST by Trust but Verify
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To: Sub-Driver

Right off the Ford payroll, and right on to our payroll (tax payers).


45 posted on 12/21/2009 1:32:01 PM PST by 724th (If the enemy is in range, so are you.)
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To: Army Air Corps

good call


46 posted on 12/21/2009 1:32:18 PM PST by Trust but Verify
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To: Sub-Driver
Ford offers buyouts to all UAW workers

Organized unions, once entrenched, are hard to get rid of. Once they're in, they're in for life. Even if Ford is able to buy out the union workers, the union bosses and union organizers will still be lurking, if not on the inside, then from the outside. Union labor at Ford, after the buyout, will be like a dormant virus in an animal host; it will be looking for the slightest opportunity to revive and become fully active and take over.
47 posted on 12/21/2009 1:32:30 PM PST by adorno
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To: Trust but Verify

They didn’t screw me by taking bailout cash. I rewarded their good behaviour. ;-)


48 posted on 12/21/2009 1:34:24 PM PST by Army Air Corps (Four fried chickens and a coke)
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To: Terabitten
"If Ford can dump UAW, they can leave Detroit for a right-to-work state."

Hell if they can destroy the UAW they've got a fighting shot at making Michigan a right-to-work state.

49 posted on 12/21/2009 1:36:17 PM PST by StAnDeliver (\)
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To: Domandred

Much the same happened with American Axle. I bought when it was 1.88/share. It is much more than that now.


50 posted on 12/21/2009 1:36:39 PM PST by Army Air Corps (Four fried chickens and a coke)
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To: My Favorite Headache

If I were them I would take the money and run.....

and run fast. I have a relative and her husband who worked for GM in Janesville, WI. For a few years they were offered buyouts including large sums of cash plus a new car to go out and spend it in. Well, they didnt take the buyouts and when GM closed shop they got nothing. I can imagine the union telling the employees “stay, it will get better”. Silly, isnt it.


51 posted on 12/21/2009 1:40:19 PM PST by mouse1
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To: stevecmd

Then what do they do, rehire as non-union and compete with the transplants?


52 posted on 12/21/2009 1:40:27 PM PST by nikos1121 (Praying for -20)
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To: Sub-Driver

Good luck to Ford in getting rid of the Union.


53 posted on 12/21/2009 1:40:59 PM PST by Anti-Bubba182
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To: equalitybeforethelaw
the UAW cannot own a car company and then represent the workers of its competitors.

In the ObamaNation, they can, and they do. Don't hope for that to change any time soon.

54 posted on 12/21/2009 1:47:15 PM PST by El Gato ("The Second Amendment is the RESET button of the United States Constitution." -- Doug McKay)
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To: Sub-Driver

Ford is soaring because it hasn’t been taken over.

Saw a video I believe of a Ford plant in Brazil. Highly efficient, the various parts manufacturers bring their stuff right to the assembly line so the cars can be completed as ordered in record time.

Then the video explains the United States cannot have such plants because the unions prevent manufacturers from participating in this way.


55 posted on 12/21/2009 1:47:49 PM PST by Williams (It's the policies, stupid)
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To: Sub-Driver

Good idea.


56 posted on 12/21/2009 1:50:36 PM PST by b4its2late (Before you can control a horse, you have to break it. Sound familiar?)
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To: Williams

The Virginia F-150 plant operates that way or pretty close to it.


57 posted on 12/21/2009 1:50:59 PM PST by norraad ("What light!">Blues Brothers)
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To: GreyFriar

move headquauters and some manufacturing to a right to work state like Texas... that’s a union busting strategy!


58 posted on 12/21/2009 1:52:41 PM PST by TV Dinners (Hope is not a Strategy)
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To: Sub-Driver

And what if their unions command that NO ONE takes this offer? What happens to Ford then?


59 posted on 12/21/2009 1:52:41 PM PST by pillut48 ("Stand now. Stand together. Stand for what is right."-Gov.Sarah Palin, "Going Rogue")
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To: GreyFriar
Is this a union-busting strategy?

Yes, and no it's more of a reality check, but the boards need to think of this in both direction, one you cannot compete with china and cheap labor with union rates, neither can you compete with china paying your worthless CEO and board 100's of millions of dollars. They all need a little dose of we are not going to have a job shortly.

60 posted on 12/21/2009 1:53:51 PM PST by org.whodat
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