Ford cutting back health benefits for white-collar workers; Many retirees' benefits will be eliminated; those for active employees will be reduced. About 135 workers in St. Paul are affected.(BUSINESS)

From: Star Tribune (Minneapolis, MN) | Date: November 3, 2006| Author: | Copyright information

Byline: Dee DePass; Staff Writer

White-collar workers at Ford Motor Co. got an unwelcome surprise this week when management announced that health care benefits for many white-collar retirees will be eliminated, while those for active salaried employees will be reduced.

The cutback is expected to save hundreds of millions of dollars for the beleaguered automaker, which posted a $5.8 billion third-quarter loss.

The Detroit News reported the move Thursday. Ford plans to terminate company health insurance for salaried retirees over age 65 and eligible for Medicare. ...

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