Ford Slashing 30,000 Jobs in North America
That's a whole lot of fucking jobs. From AP:
DEARBORN, Mich. - Ford Motor Co., the nation's second-largest automaker, said Monday that it will cut 25,000 to 30,000 jobs and close 14 facilities by 2012 as part of a restructuring designed to reverse a $1.6 billion loss last year in its North American operations.
The cuts represent 20 percent to 25 percent of Ford's North American work force of 122,000 people. Ford has approximately 87,000 hourly workers and 35,000 salaried workers in the region.
Plants to be idled through 2008 include the St. Louis, Atlanta and Michigan's Wixom assembly plants and Batavia Transmission in Ohio. Windsor Casting in Ontario also will be idled, as was previously announced following contract negotiations with the Canadian Auto Workers. Another two assembly plants to be idled will be determined later this year, and production at St. Thomas Assembly in Ontario will be reduced to one shift.
A total of 14 facilities, including seven assembly plants, will cease production by 2012. The names of the other facilities were not immediately disclosed.
"These cuts are a painful last resort, and I'm deeply mindful of their impact," Chairman and Chief Executive Bill Ford said in announcing the cuts. "In the long run we will create far more stable and secure jobs. We all have to change and we all have to sacrifice, but I believe this is the path to winning."
In addition to the facilities named Monday, analysts have also predicted that assembly plants in St. Paul, Minn., and Cuatitlan, Mexico could be closed.
"Painful last resort" MY ASS. I wonder how much of a "sacrifice" he and the other CEO's are making out of all this?
Sidenote: is it just me, or is the manufacturing industry always in trouble? It seems like every week they're always doing layoffs or moving another plant to Bangalore.
DEARBORN, Mich. - Ford Motor Co., the nation's second-largest automaker, said Monday that it will cut 25,000 to 30,000 jobs and close 14 facilities by 2012 as part of a restructuring designed to reverse a $1.6 billion loss last year in its North American operations.
The cuts represent 20 percent to 25 percent of Ford's North American work force of 122,000 people. Ford has approximately 87,000 hourly workers and 35,000 salaried workers in the region.
Plants to be idled through 2008 include the St. Louis, Atlanta and Michigan's Wixom assembly plants and Batavia Transmission in Ohio. Windsor Casting in Ontario also will be idled, as was previously announced following contract negotiations with the Canadian Auto Workers. Another two assembly plants to be idled will be determined later this year, and production at St. Thomas Assembly in Ontario will be reduced to one shift.
A total of 14 facilities, including seven assembly plants, will cease production by 2012. The names of the other facilities were not immediately disclosed.
"These cuts are a painful last resort, and I'm deeply mindful of their impact," Chairman and Chief Executive Bill Ford said in announcing the cuts. "In the long run we will create far more stable and secure jobs. We all have to change and we all have to sacrifice, but I believe this is the path to winning."
In addition to the facilities named Monday, analysts have also predicted that assembly plants in St. Paul, Minn., and Cuatitlan, Mexico could be closed.
"Painful last resort" MY ASS. I wonder how much of a "sacrifice" he and the other CEO's are making out of all this?
Sidenote: is it just me, or is the manufacturing industry always in trouble? It seems like every week they're always doing layoffs or moving another plant to Bangalore.