Ford Motor Co. is offering buyouts of $100,000 each to workers who lose their jobs to plant closures if they agree to give up all benefits except their pensions. The severance option is among five being proposed to workers as Ford moves ahead with its plan to close 14 plants by 2012, a move that will affect roughly 30,000 employees.
See "Ford Offers Severance Option to Workers", Associated Press, The New York Times, February 7, 2006