DETROIT -- in subordination to increasing pressure to intensify its turnaround efforts.
DETROIT -- in subordination to increasing pressure to intensify its turnaround efforts, Ford Motor Co is considering a plan that would shorten its hourly and salaried work force on as much as 25 percent potentially bringing buyout and severance packages to 30000 U workers.
A final decision is count uponed after the company's board of directors confronts Sept. 13 and 14. Chairman and CEO Bill Ford Jr and his executive team have plans to go on foot on a retreat Sept. 21 to dwelling in on the finer details of executing the strange plan, a person familiar with the plan told the Detroit unrestrained Press.
As the money-losing Ford writhes to get its second turnaround effort in four years opposite to the ground in the competitive U market -- the automaker said it would release an updated revival plan through the end of September -- many Ford workers report they are eager to acquire ...
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