Payouts Offered

Ford Motor Co. says a deal with the United Auto Workers provides payouts and perks to workers who will be idled as part of the downsizing.

The payouts are arranged under the provisions of the UAW-Ford National Agreement, which requires job security benefits for laid-off workers.

Pre-retirement employees may take a $100,000 one-time payment and leave the company with no benefits.

Workers aged 55 and up with 30 or more years of service can take $35,000 and retire immediately with full benefits. Workers 55 and up with 10 or more years can receive a fixed pension.

Employees with 28-30 years can go on leave, receiving 85% of their annual pay until they reach their 30 years.

Workers with one year or more of service can take a college tuition reimbursement deal worth up to $15,000 a year for up to four years, while receiving medical benefits and half pay.

Except for the recently added educational provision, the plan is similar to those offered at other closing plants since 2003, when the current UAW-Ford contract was signed.

Workers at the Ranger plant in Edison, NJ, received this offering of packages in January, a spokeswoman says.