UPDATE 1-Ford to cut 25,000-30,000 jobs

Newswire

(Adds details, exec quote) DETROIT, Jan 23 (Reuters) - Ford Motor Co. on Monday said it will cut 25,000 to 30,000 jobs in North America and idle 14 manufacturing facilities through 2012, hoping to turn around the money-losing unit. The sweeping restructuring plan also calls 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, in addition to the previously announced slashing of 4,000 ...

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