Bloomberg News

Ford Will Begin Offering Salaried Worker Pension Buyouts in July

March 09, 2012

Ford Motor Co. (F) will offer to buy out the pensions of U.S. salaried workers upon their retirement beginning in July, Todd Nissen, a spokesman, said in a telephone interview.

Workers were told last year that pension-buyout offers would be coming, he said. Ford is seeking to limit its pension risk, the automaker said today in slides posted on a company website.

To contact the reporter on this story: Jamie Butters in Southfield, Michigan at jbutters@bloomberg.net

To contact the editor responsible for this story: Bill Koenig at wkoenig@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus