http://www.boston.com/business/globe/articles/2006/09/15/ford_set_to_offer_buyouts_to_75000/DETROIT -- Ford Motor Co. will offer buyout and early-retirement plans to its all hourly US employees -- more than 75,000 -- as part of a broad restructuring plan aimed at cutting costs in light of slumping sales.
Sign up for: Globe Headlines e-mail | Breaking News Alerts Ford had about 82,000 workers represented by the United Auto Workers at the end of last year, but about 6,500 have taken previous buyout and early-retirement offers made mainly at plants slated for closure, company spokeswoman Marcey Evans said yesterday.
The news came a day before the nation's second-biggest automaker was to reveal details of a restructuring plan that likely will include massive job cuts and additional plant closures.
The buybacks are aimed at helping Ford cut costs as its sales shrink under fierce competition from more fuel-efficient models from Asian automakers.
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