Ouch...Ford Cuts 14,000 Jobs

[RedHot25]

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.

[Frank the Tank]

Time to buy a Ford!! Yay deals!

Sucks for my neck of the woods as the Talbotville plant is sure to close soon. They've been talking about it for years and I think time is finally up.

[Bobblehead]

Originally Posted by Frank the Tank

Time to buy a Ford!! Yay deals!

Sucks for my neck of the woods as the Talbotville plant is sure to close soon. They've been talking about it for years and I think time is finally up.

My former roommate from when I lived in London (and best man from my wedding) still works at Talbotville. He was pretty nervous about this announcement, but the story linked says they are shifting production of the Lincoln Town Car to Talbotville, so that should ease his mind.

Listening to his stories, it's easy to see how the CAW is too powerful and why cars cost so much.