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Ford may dump 30 pc of North American jobs

*GM's big earnings loss which missed this thread, #msg-7041143

Ford may dump 30 pc of North American jobs
Press Trust of India/AFP
Posted online: Friday, July 22, 2005 at 2022 hours IST
Updated: Friday, July 22, 2005 at 2051 hours IST

Washington, July 22: The struggling Ford Motor Co may shed up to 30 per cent of its white-collar workforce in North America as part of a corporate recovery plan, the Wall Street Journal reported on Friday.

The business newspaper said some ford employees had been told that 10,500 managerial positions from the current total of about 35,000 could go 'over the next few years' in a bid to keep a lid on payroll costs.

Ford, which on Tuesday reported a 19 per cent sump in second-quarter net earnings, has already announced the elimination of 2,700 white-collar jobs in North America.

Those cuts would contribute to the 30-per cent reduction goal, the newspaper quoted people familiar with the proposals as saying.

"We will provide more details when we are ready to share our plans," Ford spokesman Oscar Suris told the Journal.

"We are obviously working on plans. We realise we have operating challenges including excess manufacturing capacity issues and cost-performance issues, and we are going to address them," he said.


LINK: http://www.expressindia.com/fullstory.php?newsid=51270