Ford says 38,000 union workers accept buyouts
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Ford Motor Co.  on Wednesday said about 38,000 of its union workers have accepted its buyout offers, part of a broad restructuring effort at the second-largest U.S. automaker.
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Much of the money will be spent on buyout and retirement packages for 30,000 U.A.W. union members that opted to leave the automaker.
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General Motors Corp will offer buyouts or early retirements to all 74,000 U.S. hourly workers represented by the United Auto Workers in a sweeping deal with the union intended to clear the way for GM to hire lower-cost replacements.
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The buyout offers would allow the auto giant to begin hiring new workers for significantly less pay.
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Ford Motor Co said on Saturday it had reached a tentative labor deal with the United Auto Workers union, capping a historic round of bargaining between the union and the embattled U.S. auto industry.
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General Motors Corp.  said on  Monday that 35,000 workers have accepted buyout and early  retirement offers, exceeding most analysts&#039; expectations and  putting the automaker two years ahead of schedule on planned  job cuts.
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Ford Motor Co  and the United Auto Workers union have agreed on the broad terms of a new round of buyouts that would slash thousands of jobs under the terms of a new contract, people familiar with the ongoing talks said.
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Cash-strapped Ford Motor Co. took a step yesterday toward selling its Jaguar and Land Rover units when it received an undisclosed number of opening bids for the British automaking businesses.
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Shareholders of the company approved a $19.5 billion buyout on Tuesday, more than 10 months after the deal was proposed.
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DETROIT -- Ford Motor Co. plans to offer buyout and early retirement packages to more than 75,000 of its employees, a United Auto Workers union official said Thursday.
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GM announces buyout offer to 74,000 union workers; posts staggering $38.7 billion loss.
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Ford Motor Co. F.N will offer three   buyout programs to U.S. salaried workers in an effort to cut   10,000 white-collar jobs by end of first quarter 2007, a   spokeswoman said on Wednesday.
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Workers represented by the United Auto  Workers voted to ratify a four-year contract with automaker  Chrysler LLC, the union announced on Saturday, capping a  close-fought ratification battle that had threatened to scuttle  the labor pact.
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Ford Motor Co. will offer buyout   packages of up to $140,000 to all of the more than 75,000   workers at its U.S. plants, the United Auto Workers union said   on Thursday, a day before the automaker details a revised   turnaround plan in response to slumping sales.
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VAN BUREN TOWNSHIP, Mich. - Visteon Corp. is offering its 8,100 white-collar employees $1,000 cash bonuses to buy Ford Motor Co. vehicles and boost its largest customer and former parent company in its race with General Motors Corp.
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Ford Motor Co.F.N will offer three   buyout programs to U.S. salaried workers in an effort to cut   10,000 white-collar jobs by end of first quarter 2007, a   spokeswoman said on Wednesday.
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Ford Motor Co.  on Wednesday said  it would offer zero-percent financing offer on almost all of  its vehicles and give buyers &#36;1,000 toward gas purchases as  part of its most aggressive sales incentive program of the  year.