Ford, Visteon offer buyouts to hourly employees

Newswire

By Poornima Gupta DETROIT, June 28 (Reuters) - Ford Motor Co. and auto parts maker Visteon Corp. are offering $35,000 to hundreds of older, higher-wage hourly workers to retire early in an effort to cut costs, the second-largest U.S. automaker said on Monday. Last December, Ford agreed to several changes in its spinoff agreement with Visteon including transferring high-wage union workers back to Ford plants, in return for guaranteed price cuts on parts Visteon makes for its former parent ...

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