Ford not planning wider hourly buyouts, plant cuts

Newswire

By David Bailey DETROIT, May 30 (Reuters) - Ford Motor Co , struggling with a U.S. sales downturn, will maintain a program of buyout offers for workers at specific plants rather than return to the kind of company-wide program that cut over 38,000 union workers from its payroll, a senior executive said on Friday. Ford warned last week it would not meet a long-standing goal of returning to profitability in 2009 and has been preparing to fire U.S. salaried workers by Aug. 1 because the ...

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