Ford has said it expects up to 11,000 unionised hourly workers to accept early retirement and buy-out offers by the end of the year, according to Reuters.
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Up until June 1st, 4,900 workers had accepted buy-outs. This figure includes workers at Automotive Components Holdings, the Ford-owned umbrella organisation that is looking after 17 former Visteon companies that were returned to Ford as part of Visteon’s restructuring last year.
Reuters said that the number of workers who accept buy-outs is a closely watched indicator of the success of Ford’s turnaround and cost-cutting efforts.
Buy-out packages include a US$100,000 severance payment.
