Ford Motor Co. will offer buyouts to about 1,300 workers at assembly plants in Chicago and Louisville, Ky., as part of the automaker's plan to adjust capacity with demand for its vehicles, a spokeswoman said Friday. The buyouts will affect about 800 workers at the Chicago plant and 500 at the Louisville factory, Ford (F, Fortune 500) spokeswoman Angie Kozleski said. Workers at an engine plant in Cleveland also will be offered buyout packages, but the company did not say how many. All three plants will move from two shifts to one this summer. The restarting of an idled second engine plant in Cleveland will be delayed until the fourth quarter, Kozleski said.
See "Ford to offer buyouts to 1,300 workers", Associated Press, CNN Money, May 4, 2008