Ford Motor Co. (F) Offers Buyouts to Limit Losses
Ford Motor Co. narrowed its losses in the fourth quarter amid continued weakness in North America, said the outlook for U.S. sales in 2008 remains grim and is making more employee buyout offers to cut costs.
Ford is offering buyouts to its 54,000 U.S. hourly workers, Chief Executive Alan Mulally said. Mulally said salaried cuts will also be made, mostly through attrition. The company will also adjust production schedules as demand sags.
Ford is offering buyouts to its 54,000 U.S. hourly workers, Chief Executive Alan Mulally said. Mulally said salaried cuts will also be made, mostly through attrition. The company will also adjust production schedules as demand sags.
Labels: F, Ford Motor co.
posted by Stock Administrator @ 1:02 PM
0 Comments:
Post a Comment
<< Home