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Ford Targets 30,000 Jobs, Will Close Plants

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Ford Targets 30,000 Jobs, Will Close Plants

Economy

Ford Targets 30,000 Jobs, Will Close Plants

Ford Targets 30,000 Jobs, Will Close Plants

Only Available in Archive Formats.
Bill Ford, chairman of the board and CEO of Ford Motor Company. i

Bill Ford, chairman of the board and CEO of Ford Motor Company, shown Jan. 8, during press days at the North American International Auto Show at Cobo Hall in Detroit. Jeff Haynes/AFP/Getty Images hide caption

toggle caption Jeff Haynes/AFP/Getty Images
Bill Ford, chairman of the board and CEO of Ford Motor Company.

Bill Ford, chairman of the board and CEO of Ford Motor Company, shown Jan. 8, during press days at the North American International Auto Show at Cobo Hall in Detroit.

Jeff Haynes/AFP/Getty Images

Ford Motor Company CEO Bill Ford says the automaker will cut at least 25,000 North American jobs by 2012. The moves are part of a restructuring plan that will see 14 plants close, as well.

The nation's number two automaker remains profitable overall, but has lost American market share to competitors from abroad for the past decade. It says it lost $1.6 billion in North America last year. The job cuts are part of a program the company describes as "The Way Forward."

"We will be making painful sacrifices to protect Ford's heritage and secure our future," Ford said in a statement. "Going forward, we will be able to deliver more innovative products, better returns for our

shareholders and stability in the communities where we operate."

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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