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Ford Motor Co. (NYSE: F) CEO Alan Mulally indicated this week that he will bow to a 30% pay cut in 2009 while the troubled automaker's salaried workers will forgo all bonuses. Not only that, but the UAW approved buyout concessions targeted for a March 9 strike date for other workers. Although Ford has not yet taken federal buyout funds like other Detroit automakers, the company still has massive financial hurdles to overcome.Ford workers posts
FeedFord CEO to take 30% pay cut, workers to forgo bonuses
Ford Motor Co. (NYSE: F) CEO Alan Mulally indicated this week that he will bow to a 30% pay cut in 2009 while the troubled automaker's salaried workers will forgo all bonuses. Not only that, but the UAW approved buyout concessions targeted for a March 9 strike date for other workers. Although Ford has not yet taken federal buyout funds like other Detroit automakers, the company still has massive financial hurdles to overcome.Continue reading Ford CEO to take 30% pay cut, workers to forgo bonuses
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