Visteon to offer buyouts, move UAW workers to Ford

Newswire

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 ...

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