The Ford Motor Company, which has lost $15 billion in the last two years, is offering its employees huge incentives to leave their jobs: one-time cash payments of $140,000, rolling contributions to retirement accounts, and reimbursement packages for classes and coursework. By March 17, the automaker hopes at least 8,000 of its 64,000 employees will take the company up on its offer.
Because the economy is doing so poorly, companies around the country, in an array of industries (including this one), have been forced to cut costs, and buyouts are one way to do that.
In the first hour, we'll ask Sarah Webster, who covers the automobile industry for the Detroit Free Press; Andrea Coombes, who writes about personal finance; and Stephen Viscusi, author of On the Job: How to Make It in the Real World of Work, about when it is a good idea to take a buyout. And we want to hear from you. Have you taken one? Are you happy that you did? Are you considering one?