Ford to Offer Buyouts to All Factory Workers

August 21, 2006 10:45 AM, EDT

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ord Motor Co. plans to extend buyout offers to all of its North American factory workers, Bloomberg reported Monday.

According to two people familiar with Ford’s plans, the country’s second largest automaker will forego its previous strategy of offering buyouts at specific plants.

The decision mirrors that of fellow U.S. automaker GM, where about 35,000 United Auto Workers members accepted buyouts and early retirement offers in June. (Click here for previous coverage.)

Last Friday, Bloomberg and the Wall Street Journal reported that Ford may also eliminate 6,000 salaried jobs next month. (Click here for previous coverage.)