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Cut - USA - Ford Set to Trim 4000 Jobs
More job cuts presage new restructuring plan coming from Ford’s front office
USA -The Car Connection, by by Joseph Szczesny -21 Nov 2005: -- Ford Motor Co. took the first step in its next restructuring by confirming it plans to trim up to 4000 white-collar jobs in North America by the end of March... The plan is expected to include the closure of assembly plants and the reduction of other operations... Ford has already eliminated almost 3000 salaried positions in North America this year as part of its ongoing cost-cutting effort, which intensified last spring when it became apparent the company's critical North American operations were not going to reach their financial goals... Part of the next round of cuts will come from the company's manufacturing operations, which are certain to be downsized when the full plan is revealed in January... The announcement of new cutbacks in the white-collar ranks is certain to increase concerns about whether Ford can hang on to enough talented managers and professionals to meet future challenges...
posted by Unknown @ 10:11 AM
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