Ford Motor Company has indicated that it intends to soon lay off salaried, white-collar workers in North America, in order to cut its workforce costs by 15 percent.
Eligible, laid-off workers will receive standard severance packages.
If you lose your job through the Ford layoff (or any other), then you might be eligible for unemployment compenstion from the state unemployment office, even if you receive severance pay. You might also be entitled to extend your company-provided health insurance through COBRA.
The automaker indicated that finds it necessary to lay off salaried workers, because rising gasoline prices have reduced sales of Ford pickup trucks and sport-utility vehicles (SUVs). Ford also indicated shrinking auto sales as a cause.