Ford to Slash Jobs, Close Plants

Job cuts and plant closings are in the cards for Ford Motor Company, which announced a major restructuring plan Monday. The automaker is attempting to regain its footing in a highly competitive U.S. auto market.

The nation's number two automaker remains profitable overall, but has lost American market share to competitors from abroad for the past decade. The anticipated announcement of 25,000 to 30,000 job cuts by 2012 is part of a program the company describes as "The Way Forward." As many as 14 plants will be closed.

Detailing the Ford Cuts

DEARBORN, Mich. (AP) — Ford says it will cut up to 30,000 jobs and idle 14 plants by the year 2012.

The cuts represent up to one quarter of Ford's North American work force of 122,000. Ford has approximately 87,000 hourly workers and 35,000 salaried workers in the region.

Plants to be idled through 2008 include St. Louis, Atlanta and Wixom, Michigan, assembly plants and Batavia Transmission in Ohio. Windsor Casting in Ontario also will be idled, previously announced following contract negotiations with the Canadian Auto Workers.

Another two assembly plants to be idled will be determined later this year.

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