Ford World Headquarters in Dearborn, Michigan.

Ford salaried workers who lost jobs now review severance offers

Ford salaried employees, who were shocked when they were let go this week, are reviewing severance packages that could offer up to nine months of pay for longtime workers.

David Kudla, CEO of Mainstay Capital Management in Troy, said he has seen severance packages from clients who are salaried workers at Ford that include nine months’ salary, which would be offered as a lump sum, plus medical coverage during that time for those who have 20 years or more with the company.

But the payout is based on years of service and would drop for those employed by Ford for fewer years. Someone with 10 years to 11 years, for example, would be looking at four months of pay in a lump sum as part of their severance and six months of health care coverage.

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