Ford has offered its 41,000 US hourly workers incentives to quit in a bid to reduce its factory costs.
The company has more workers than it needs to produce cars at current sales levels, and is offering staff with at least one year's service $50,000 (£31,167) cash and either a $25,000 voucher to buy a Ford vehicle or $20,000 extra cash.
Retirement-eligible workers can take the buyout but must wait up to 18 months before retiring.
The retirement package includes $40,000 for skilled and $20,000 for non-skilled employees.
Workers have until 22 January to accept the offer.
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Re: Ford's '£50k' for workers to quit
Howcome they have workers that have only been there a year anyway?
Ford has had HUGE debts for the last few years so its crazy that they have carried on employing more and more people whilst supposedly undertaking a massive cost cutting programme.
Re: Ford's '£50k' for workers to quit
This is the difference between employment law in the US and UK, over here you can be let go with pretty much no notice if you have worked for less than 2 years and after that they only need pay you a week for each full year of service.
That's why jobs are easily removed from the UK, and its all Labours fault by changing the law to attract all the foreign business's at the start of their reign.
If I was offered this deal I would take it, and for those who have only been their a year then they will think its Christmas come early.
Re: Ford's '£50k' for workers to quit
I'd bite their arm off