UPDATE 3-Visteon to move UAW workers to Ford, offer buyouts

Newswire

(Recasts, adds details of Visteon-Ford deal and updates stock price) By Poornima Gupta DETROIT, May 24 (Reuters) - Ailing auto parts supplier Visteon Corp. will offer buyouts to 5,000 workers and transfer hourly employees represented by the United Auto Workers union to former parent Ford Motor Co. as part of a restructuring plan, a local UAW official said on Tuesday. Also, as part of the deal, Visteon will transfer 13 U.S. plants to a limited liability company controlled by Ford and ...

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