Ford misses some buyout goals; workers face layoffs: Detroit News

[OhioChick]

Last Update: 5:28 AM ET Feb 21, 2007


NEW YORK (MarketWatch) -- Some Ford Motor Co. (F) salaried employees will be getting pink slips after the company failed to meet its voluntary buyout targets in some departments, two people familiar with the situation said Tuesday, The Detroit News reported in its Wednesday editions.

Each Ford department in the U.S. was given a headcount reduction goal in an effort to eliminate 10,000 white-collar jobs by 2008. Some met their goals. One or two departments had too many workers sign up and were forced to rescind some buyout offers. But other departments failed to convince enough employees to leave voluntarily, the paper reported.

"It's still too early in the process for us to know if involuntary separations will be necessary and to what extent," said Ford spokeswoman Marcey Evans.

However, other sources said it was already clear that some departments missed their targets. And some workers said supervisors have already warned them involuntary layoffs will be coming, The Detroit News reported.

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