Ford Cuts Deep - 30,000 to lose their jobs
The Detroit News is reporting that Ford will cut 30,000 jobs and shut down 10 factories. This is a huge move, since Ford has roughly 90,000 employees in North America.
The plan will be officially released January 23, and until then the board of directors is not saying much - except that it is a “way forward plan”. Whatever that means.
See also Ford Job Cuts and GM Bailout
GM sucks. I was a previous downsize. Watch “Roger and Me” - if you are a worker you get screwed.