Ford Coaxing 75,000 To Leave And Take Severance Packages
Is Ford Motor Company really planning to go private and ditch the over regulation, which is hurting its business model and make decisions based on what is good for the company and not the regulators, accountants and lawyers? Is Ford Motor Company truly looking to cut the red tape and simplify its business model once and for all?
Ford is currently working to trim its shortfalls and its incredible pension contribution demands, while eliminating union workers as well. Ford Motor Company is coaxing 75,000 to leave and take severance packages right now. Does this make sense?
Apparently it does nevertheless Wall Street is selling the stock and sending it tumbling, but Ford is about to announce some new initiatives, which may rebound that stock. How much is ford offering those leaving the company in their severance package? Some 123 million dollars, which is a fairly big one-time hit for Ford, but would end up saving them money in the end.
Apparently the UAW Auto Workers also see this as a fairly good package considering the future prospects. Ford Motor Company already told the Wall Street it had planned to cut 300,000 jobs and shut down 12-14 factories and so taking the package might be a very good idea indeed say some auto workers.
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