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Ford news | |
| Ford could close more plants, cut union wages: analyst Struggling Ford Motors Co. could be forced to shutter seven more plants and ask its unions for a 20 percent cut to wages and benefits as it faces a financial meltdown, a respected analyst said. Ford Pulls Some Buyout Offers Some Ford Motor Company employees are outraged after their buyout offers were rescinded, Local 4 reported. Ford may seek givebacks Ford Motor Co. is in a meltdown and may ask the United Auto Workers union to accept reduced pay and benefits during this years contract talks, a labor economist said. Prodrive founder in bid for Fords Aston Martin unit: Financial Times LONDON (MarketWatch) -- David Richards, founder of Prodrive, the motor sport group, is spearheading a consortium that is one of three bidders left in the running for Aston Martin, a unit of Ford Motor Co. (F), reports the Financial Times Wednesday, citing people involved in the process. Ford misses some buyout goals DEARBORN -- Some Ford Motor Co. salaried employees will be getting pink slips after the company failed to meet its voluntary buyout targets in some departments, two people familiar with the situation said Tuesday. BRIAN DICKERSON: Time to go? Ford has a better idea DEARBORN -- Ford Motor Co.s buyout plan drew an overwhelming response from white-collar employees ... prompting the automaker to begin saying no to some offers. Detroit Free Press, Feb. 20 Buyouts at Ford may be too popular DETROIT -- Ford Motor Co.s plan to reduce its white-collar work force may have worked too well in some instances. Too many take buyout offer at Ford DETROIT - Ford Motor Co.s plan to reduce its white-collar workforce has worked too well in one or two departments, with the company losing more people than it wanted, according to a person familiar with the situation. 1-2 Ford Departments Hit Hard by Buyouts Ford Motor Co.s plan to reduce its white-collar work force has worked too well in one or two departments, with the company losing more people than it wanted, according to a person familiar with the situation. Ford, in `Meltdown, May Seek Wage Cut, Analyst Says Feb. 20 (Bloomberg) -- Ford Motor Co. is in ``a company meltdown and may ask the United Auto Workers union to accept reduced pay and benefits during this years contract talks, a labor economist said. | |