Ford to Announce Restructuring Plan
From Associated Press
Ford Motor Co., hurt by falling sales of sport utility vehicles, is expected to close plants and cut thousands of jobs in North America as part of a restructuring program to be announced today.
Ford has refused to release details of the plan, dubbed the “Way Forward,” which also is expected to include product changes and cuts to Ford’s salaried ranks. Ford has about 87,000 hourly workers and 35,000 salaried workers in North America.
The assembly plants believed to be most at risk for closure are in St. Louis; St. Paul, Minn.; Atlanta; Wixom, Mich.; St. Thomas, Canada; and Cuatitlan, Mexico.
