Ford Motor Co. could axe about 1,000 white-collar employees in the U.S. as it struggles to cope “with some serious challenges,” including tough competition, slipping sales and skyrocketing costs. The cuts could be announced within a month along with other cost-improvement plans, Greg Smith, Ford president-The Americas, says in an internal letter to employees that was provided to Ward’s. Fixed marketing expenses and administration, materials and travel costs also face the chopping block. ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.