Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

RedHot25 · 09-15-2006, 07:48 AM

Ouch...

http://www.ctv.ca/servlet/ArticleNew...hub=TopStories

http://www.cbc.ca/story/money/nation...ford-cuts.html

Friday's announcement brings Ford's total number of white-collar job cuts to 14,000, or one-third of its salaried workforce in North America.
Reductions to Ford's U.S. workforce will be made through early retirements, voluntary separations, buy-outs and, "if necessary, involuntary separations," the company said.

....

Called "The Way Forward," the plan called for up to 30,000 job cuts and the closure of 14 plants by 2012.
The Detroit News reported Thursday that Ford could post a pre-tax loss of $8 billion US to $9 billion US this year, much worse than analysts had expected.
Ford lost $1.4 billion US in the first six months of the year.

09-15-2006, 07:48 AM	#1
RedHot25 Franchise Player Join Date: Dec 2003 Location: Probably stuck driving someone somewhere Exp:	Ouch...Ford Cuts 14,000 Jobs Ouch... http://www.ctv.ca/servlet/ArticleNew...hub=TopStories http://www.cbc.ca/story/money/nation...ford-cuts.html Friday's announcement brings Ford's total number of white-collar job cuts to 14,000, or one-third of its salaried workforce in North America. Reductions to Ford's U.S. workforce will be made through early retirements, voluntary separations, buy-outs and, "if necessary, involuntary separations," the company said. .... Called "The Way Forward," the plan called for up to 30,000 job cuts and the closure of 14 plants by 2012. The Detroit News reported Thursday that Ford could post a pre-tax loss of $8 billion US to $9 billion US this year, much worse than analysts had expected. Ford lost $1.4 billion US in the first six months of the year.