This year Ford America is looking down the barrel of a $US12 billion loss as Ford cars continuen to be shunned by the American motorists.
The only solution Ford sees to their financial woes is to offer redundancies to all of its 75,000 workers and hope that somewhere between 20,000 and 25,000 take up the offer. Along with the redundancies Ford hopes to close 14 plants.
The cost to the company? Possibly $US140,000 for every worker who accepts the company’s offer.