Ford buyouts and GM buyouts

A report in Bloomberg.com says that Ford buyouts will eliminate as many as 9,000 jobs. We’ve reported on the Ford buyouts a few weeks ago. The latest report puts an estimate on the number of jobs that will be lost. That number represents 12-14% of Ford’s North American workforce. The full article is here.

Meanwhile, GM has announced that it will offer early retirement incentives. GM has offered early retirement in the past but this time around the offers will be richer than those offered two years ago. Skilled trades workers will be offered $62,500 to leave early while production workers will be given $32,000.

Feb12

One Response to “Ford buyouts and GM buyouts”

  1. [...] Detroit News is reporting that the higher than expected offers from GM will likely entice as many as 15,000 GM workers into early retirement. Read more [...]

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