Home Page About Us Contribute




Escort, Inc.

Tweets by @CrittendenAuto










By accessing/using The Crittenden Automotive Library/CarsAndRacingStuff.com, you signify your agreement with the Terms of Use on our Legal Information page. Our Privacy Policy is also available there.

Ford To Announce Layoffs, Plant Closings Monday

American Government Special Collections Reference Desk

Topics:  Ford Motor Company

Ford To Announce Layoffs, Plant Closings Monday

VOA News
January 20, 2006

U.S. automaker Ford unveils its latest attempt to stem North American losses on Monday.

Media reports say Ford will cut 25,000 or more jobs over the next four to five years, and close some manufacturing facilities.

Chief Executive Officer William Clay Ford Jr. will announce the new plan, which has been dubbed "Way Forward." It will be the CEO's second major restructuring of the company since taking over in 2001.

Ford is the world's third-largest automaker. It has endured 10 consecutive years of market-share losses to Asian carmakers, particularly Toyota.

Some of its most popular products, such as the Explorer SUV, have seen sales fall dramatically as fuel prices have risen to record levels.

Some information for this report was provided by Bloomberg.

Connect with The Crittenden Automotive Library

The Crittenden Automotive Library at Google+ The Crittenden Automotive Library on Facebook The Crittenden Automotive Library on Instagram The Crittenden Automotive Library at The Internet Archive The Crittenden Automotive Library on Pinterest The Crittenden Automotive Library on Twitter The Crittenden Automotive Library on Tumblr  
 
 


The Crittenden Automotive Library

Home Page    About Us    Contribute