'Bloated' Ford sacks 35,000

["Edward George" <ebgeorge@xxxxxxxxxxx>]

'Bloated' Ford sacks 35,000

David Teather in New York

Saturday January 12, 2002

The Guardian

Ford Motor Company admitted yesterday that it had fallen victim to
complacency as it detailed plans for 35,000 job losses and the closure of
five manufacturing plants in North America.

The world's second largest carmaker also said that it would sharply reduce
production at a further 11 assembly plants with the aim of cutting the
number of cars and trucks Ford makes from 5.7m to 4.8m a year.

Around 15,000 of the job cuts had already been announced, 10,500 of them in
Europe including 2,300 redundancies with the end of car production at
Dagenham in Essex next month.


<http://www.guardian.co.uk/recession/story/0,7369,631548,00.html>


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