elroy wrote:
Eli wrote:
Both Ford and GM are done. Ford just announced 25,000 worth of layoffs in the US and massive restructuring and they say that this is only the beginning.
Got a source ? Cause that other article says the news would be published on monday, which it isn't yet, in the US anyway.
Now it is
published:
Quote:
Ford is taking the following new actions to align its capacity with expected demand and to reduce fixed costs:
* 14 manufacturing facilities will be idled and cease production by 2012, including a total of seven vehicle assembly plants.
* Assembly capacity will be reduced by 1.2 million units or 26 percent by the end of 2008.
* A new low-cost manufacturing site is planned for the future.
* Ford will idle the following facilities through 2008:
- St. Louis Assembly
- Atlanta Assembly
- Wixom Assembly
- Batavia Transmission
- Windsor Casting (announced following CAW contract negotiations in 2005)
- Two additional assembly plants, which will be determined later this year
In addition, production at St. Thomas Assembly will be reduced to one shift. Facilities operated by Automotive Components Holding LLC are not included in the new announcement.
All of these actions will reduce total North American employment by 25,000-30,000 people in the 2006-2012 time period. This is in addition to the previously announced reduction of the equivalent of 4,000 salaried positions in the first quarter of 2006 -- or 10 percent of salary-related costs -- and a reduction in the company's officer ranks by 12 percent by the end of the first quarter.