Ford readies white-collar layoffs as sales tumble

Newswire

By David Bailey DETROIT, May 29 (Reuters) - Ford Motor Co is preparing to fire U.S. salaried employees over the next two months due to the sudden downturn in auto sales, a drastic step it has so far avoided during its 2-1/2-year restructuring. Ford, which warned last week that it would not meet a long-standing goal of returning to profitability in 2009, has not yet decided how many jobs it will cut from its 24,300 U.S. white collar workers, a spokeswoman said on Thursday. The speed of ...

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