UPDATE 1-Ford sees $11.18 bln cost for restructuring

Newswire

(Adds detail) NEW YORK, Feb 28 (Reuters) - Ford Motor Co. said on Wednesday it estimates that its accelerated restructuring plan, announced in September, will cost $11.18 billion, with most of that going to programs to lay off employees. The No. 2 U.S. automaker said it expects to spend $5.96 billion on a jobs bank and other "personnel reduction programs," another $2.74 billion on charges related to scaling back pensions, $2.2 billion from fixed-asset impairment charges and $281 million ...

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