Special Buyout Report
Jan. 23, 2008
At noon today your Bargaining Committee took part in a nation wide conference
call with the U.A.W. National Ford Department discussing the new buyouts being
offered by Ford Motor Company. These are the highlights from the call and the
information we have as of this date. We expect more information by the end of
the week and will make it available to the Membership as soon as we receive it.
Sign-up window is February 19th to March 18th 2008
Based on operational needs employees accepting buyouts will be released April
1st 2008. Where operations would be negatively impacted due to heavy take
rates in certain classifications the plant may extend separation dates to May
1st or June 1st based on plant needs only.
After the March 18th 2008 enrollment closing date the buyouts are
irrevocable. The National parties have agreed that no one will be allowed to
revoke their package after the closing date.
The packages basically remain the same as the first round of buyouts with an
additional two new incentives.
1.Special Retirement Incentive Package for Production will include an
additional $15,000.00 exit bonus bringing the total buyout incentive to
$50.000.00. (offered to retirement eligible Members only)
2.Special Retirement Incentive Package for Skilled Trades will include an
additional $35.000.00 exit bonus bringing the total incentive to $70,000.00.
offered to retirement eligible Members only)
Packages currently are offered to all Members.
Your Bargaining Committee