Over the past three years, the nation's number-three automaker, Ford Motor, has experienced losses, and this year is no different. The company plans on cutting back its workers — again.

One report by the Wall Street Journal said a total of 13,000 jobs would be cut. However, the company has not yet released the number of job losses for 2008.

Ford also plans on offering buyouts to its workers. In 2006 the company offered 33,600 workers buyouts, with packages that ranged from $50,000 to $140,000, "depending on workers' retirement eligibility, job duties, and whether they forfeited their rights to expensive post-retirement healthcare coverage," said CNNMoney.com. But while the company expects more losses throughout the year, Ford hopes to make a profit by 2009.

"Overall, our plan is working and we continue to show progress," said Ford Chief Executive Alan Mulally.


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