Ford Offers Buyouts At Closing Plant

1 decade 3 years 11 months ago Wednesday, April 05 2006 Apr 5, 2006 Wednesday, April 05, 2006 1:06:41 PM CDT April 05, 2006 in News
Anyone taking the offer will have to give up all benefits except a pension. The severance deal is one of five options being presented by Ford as it moves to close 14 plants by 2012. As many as 30,000 employees will be affected. Ford has about 1,400 employees at its complex in Hazelwood, where production is scheduled to stop March 10. A Ford spokeswoman says those workers will soon receive the buyout offer. A contract between Ford and the United Auto Workers bars the company from laying workers off permanently without continuing most of their pay and benefits. That contract expires next year.

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