Ford to Cut 25,000 to 30,000 Jobs by 2012
Ford to Cut 25,000 to 30,000 Jobs by 2012
By DEE-ANN DURBIN
AP
DEARBORN, Mich. - Ford Motor Co., the nation's second-largest automaker, said Monday that it will cut 25,000 to 30,000 jobs and idle 14 facilities by 2012 as part of a restructuring designed to reverse a $1.6 billion loss last year in its North American operations.
The cuts represent 20 percent to 25 percent of Ford's North American work force of 122,000 people. Ford has approximately 87,000 hourly workers and 35,000 salaried workers in the region.
Plants to be idled through 2008 include the St. Louis, Atlanta and Michigan's Wixom assembly plants and Batavia Transmission in Ohio. Windsor Casting in Ontario also will be idled, as was previously announced following contract negotiations with the
Canadian Auto Workers. Another two assembly plants to be idled will be determined later this year, the company said.
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