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Subject:  Ford's white-collar workers to get buyout offers Date:  12/10/2006  1:20 AM
Author:  mishedlo Number:  5717 of 7023

Most of Ford Motor Co.'s white-collar workers will get buyout offers by the end of next week.

The massive effort will start Monday and involve mostly individual meetings between thousands of lower- to mid-level salaried workers and their supervisors, Ford spokesman Tom Hoyt said Friday.

The salaried workers will face an agonizing holiday decision on whether to take the offers. The workers will have until Jan. 5 to decide.

If Ford does not reach its target of payroll cuts after Jan. 5, the automaker could be forced to involuntarily cut workers, Hoyt said.

Ford already made offers to certain upper management positions. Hoyt would not say how many offers will go out.

http://www.freep.com/apps/pbcs.dll/article?AID=/20061209/BUSINESS01/612090382


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