Ford on Tuesday began the first in a series of opportunity workshops and opportunity fairs, intended to help US hourly employees choose from available buyout packages.
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The automaker is offering buyout packages to its entire hourly workforce, approximately 75,000 people. Employees have between 16 October and 27 November to select from eight different retirement, education and other separation programmes.
The programmes include tuition reimbursement for a two- or four-year college degree, a $US100,000 lump sum payment or $35,000 retirement incentive.
Ford and the United Auto Workers union are operating the programme at most manufacturing locations in the United States. The workshops are designed to provide information about topics including how to start a business, going through a relocation and going back to school.
In addition, approximately 75 local employers, colleges and universities and franchise companies will set up booths at Norfolk assembly plant for an opportunity fair on Wednesday, to provide information, answer questions and potentially recruit interested employees.
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By GlobalDataEmployees who accept buyout packages will leave the company between January and September 2007.
