Companies
If you would like to subscribe to Americas Automotives Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Americas Automotives Insight please click on the trial link below.
Ford Speeds Up 'Way Forward' Plan
September 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Americas Automotives Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Americas Automotives Insight please click on the trial link below.
In an attempt to turn around its flagging North American business, US carmaker Ford has decided to hit the gas pedal on its restructuring plan. Initially planning to cut 30,000 jobs and 12 factories in the region by 2012, the company will now aim to achieve the job cuts by 2008, while closing 16 plants within the same period. Buyout and early retirement offers will be made to all of the 75,000 hourly workers represented by the United Auto Workers (UAW) union, while around 14,000 salaried employees are also facing