Ford to cut 25,000-30,000 jobs

Newswire

DETROIT, Jan 23 (Reuters) - Ford Motor Co. on Monday said it will cut 25,000 to 30,000 jobs in North America by 2012 and plans to idle 14 manufacturing facilities, hoping to turn around the money-losing unit. The sweeping restructuring plan also called for reducing capacity by 1.2 million units, or 26 percent, by 2008, and targets a material cost reduction of at least $6 billion by 2010. The job cuts are the deepest since since Ford launched a multiyear restructuring program in 2002.

Premium Content (PAID Subscription Required)

"Ford to cut 25,000-30,000 jobs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×