Visteon to offer buyouts, move UAW workers to Ford


DETROIT, May 24 (Reuters) - Ailing auto parts supplier Visteon Corp. will offer buyouts to 5,000 hourly workers and transfer all hourly employees represented by the United Auto Workers union to former parent Ford Motor Co. as part of its restructuring plan, a local United Auto Workers union official said on Tuesday.

Also, as part of the deal, Visteon will move 13 U.S. plants to a limited liability company, transfer two more factories to Ford, said Eugene Morey, president of United Auto Workers Local 849, which represents workers at Visteon's Ypsilanti, Michigan, factory.

"Those who are Visteon employees right now will transfer to become Ford employees," said Morey, who was among union leaders briefed on the restructuring plan earlier Tuesday.

"There are a limited number of buyouts, which would probably be in the area of 5,000," Morey said.

The limited liability company would be controlled by Ford and the plants would be eventually restructured and sold.



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