Ford to offer 3 buyout options to salaried staff
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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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About 37,000 hourly workers have  accepted buyout offers by General Motors Corp.  and  Delphi Corp. , potentially giving the automaker  greater cuts than expected, a newspaper said on Friday.
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The Indian company said it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover.
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The decision to talk to interested buyers comes as Ford also is trying to sell its two other European luxury brands, Jaguar and Land Rover.
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Ford is widely expected to announce another round of job cuts as it finalises a restructuring drive.
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DEARBORN, Mich. -- Ford Motor Co.'s board will be faced this week with the option of cutting about 6,000 more jobs than previously announced as part of changes to its North American turnaround effort, according to a published report yesterday.
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Labor, automaker negotiate sweeping layoffs, focus on severance pay, provisions for fired workers.
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The United Auto Workers union announced that all 75,000 of its members employed by Ford Motor Company will be offered payouts by the automaker, according to Reuters.
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Ford Motor Co.  said on Wednesday it estimates that its accelerated restructuring plan, announced in September, will cost $11.18 billion, with most of that going to programs to lay off employees.
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NEW YORK/MUMBAI  - The Ford Motor Company  is expected to receive opening bids on Thursday for its Jaguar and Land Rover brands from a number of companies including private equity firms and other automakers, the New York Times reported on Thursday, citing people with direct knowledge of the situation.
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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.
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Tata Motors said that it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover, confirming what investors and analysts have anticipated for months.
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Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.
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Ford Motor Co. F.N on Friday said it   would cut its annual costs by about $5 billion by the end of   2008 and reduce its salaried staff by about a third as part of   an accelerated restructuring.
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General Motors Corp. is close to an agreement with the United Auto Workers on another round of buyout and early retirement offers to cut the number of workers in jobs banks and clear openings for workers hired at lower-tier wages
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A variety of companies, including private equity firms and possibly other automakers, have been preparing bids to buy two of Fordâs luxury brands.
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DETROIT -- Ford's hourly work force is shrinking to half its current size, following the announcement yesterday that 38,000 hourly workers have agreed to accept early retirement or buyout packages this year.