Bill McElroy
Well-Known Member
FORD EXPECTED TO ANNOUNCE CLOSURE OF 10 ASSEMBLY PLANTS, ELIMINATION OF 30,000 JOBS .... According to a story in the Detroit News, Ford Motor Co. executives will present a restructuring plan to the company's board of directors today that calls for closing at least 10 assembly and component plants and eliminating 25,000 to 30,000 hourly jobs in North America within five years.
The cuts would be deeper than many had expected, signaling the urgency of Chairman and CEO Bill Ford Jr.'s push to restore the automaker's ailing North American operations. The plan is expected to be formally announced Jan. 23.
The cuts would be deeper than many had expected, signaling the urgency of Chairman and CEO Bill Ford Jr.'s push to restore the automaker's ailing North American operations. The plan is expected to be formally announced Jan. 23.