All Hourly Workers at Ford Getting Buyout Offer

Alan Mulally

Ford is offer­ing 54K hourly work­ers buy­out and ear­ly retire­ment pack­ages in a cost-cut­ting effort. Retir­ing work­ers would be replaced with low­er-paid work­ers. Ford says its loss­es for 2007 were nar­rowed, but this year’s out­look remains bleak. CEO Alan Mulal­ly says com­pa­ny on track to make prof­it in 2009.

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