Ford Motor Co. concludes its latest round of employee buyouts as the auto maker attempts to align its workforce with market demand for its vehicles. Ford offered all of its 54,000 hourly workers a number of early retirement and buyout packages to trim its ranks and potentially make way for new, lower-wage hires. Up to 20% of Ford’s workforce can be hired in at a tier-two wage under the breakthrough 4-year contract reached last fall with the United Auto Workers union. Ford has not said ...
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