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Relocation loans available for Ford workers.

At Ford Motor Co., laid-off workers who relocate to another company plant will be eligible for low cost loans to help meet moving and living expenses. Ford and the Auto Workers union said that the loan plan was established because many employees lacked the resources to take advantage of the preferential placement program negotiated in 1982.

The loans range from $500 to $1,000, repayable in 12 to 18 months, for eligible workers who transfer to other Ford facilities at least 50 miles away. Since adoption of the preferential placement program, more than 3,500 laid-off Ford workers with dim recall prospects at their home plants have been hired at other Ford plants.
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Publication:Monthly Labor Review
Date:Sep 1, 1984
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