US: Ford to launch massive pension buyout scheme

As part of efforts to lower its pension obligations, Ford plans to offer around 90,000 retirees and former employees in the US that have invested in its pension plan a lump-sum buyout payment, reports LA Times. The company will make the payout from existing pension plan assets. Ford’s pension obligations will Subscribe to Automotive World to … Continued

• By Webmaster
• April 30, 2012