10,000 jobs may be cut at Chrysler

Bad news for Chrysler and another setback to the Michigan economy.  Even though Michigan plants are not expected to see workforce cuts, white-collar employees at the DCX headquarters will be targeted for early retirements and layoffs.  Once again, the disastrous...

Ford says 38,000 have taken buyouts (AP)

" DETROIT - Almost half of Ford Motor Co.'s hourly production workers — 38,000 so far this year — have accepted buyouts or early retirement offers as the nation's second biggest automaker shrinks in the face of multibillion-dollar losses and fierce competition from...

Ford to offer buyouts to U.S. workers

"Ford Motor Co., beaten down by rising costs and stiff competition from Asia, is set to institute significant operational changes designed to rein in expenses and restore the company to profitability. The changes — in the form of a restructuring plan — were to be outlined...

Is 35 now over the hill?

"Is 35 now over the hill? Telecom giant LM Ericsson AB is offering buyouts to up to 1,000 of its employees in Sweden, a voluntary package that is only being offered to employees between the ages of 35 and 50. The novel initiative is meant to clear the way for younger...