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Alan Mulally and Executive Chairman Bill Ford Jr. will take 30% pay cuts. Buyout or early retirement offers to all 42,000 U.S. hourly workers.
Nice to see one of the companies do what they need to do to stay in business. And this is the one that hasn’t been begging for government money. Sure doesn’t make GM or Chrysler look very good.
If I was looking for a new car I would give serious consideration to buying a Ford, and I wouldn’t even consider a GM or Chrysler vehicle.
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So they are going to make $.70 cents now? Last I heard they both told Congress they where going to work for a Dollar a year.
This screams PR stunt.
Ford workers approve UAW contract changes
Ford is positioning itself to emerge as the biggest one of the big three. ‘freezing wages and cutting benefits in a move aimed at helping the automaker remain competitive’.
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