Ford Announces Restructuring Plan that Sees at Least Fourteen Plants Closing
As was highly anticipated, Ford Motor Co. announced Monday that it is closing 14 North American plants, and cutting up to 30,000 jobs in the U.S. and Canada by 2012. As part of what Ford is calling its "Way Forward Plan", the automaker is revamping its operations by cutting approximately 20 percent of its North American workforce. The ailing automaker has watched its U.S. market share slip to a little more than 17 percent compared with 25 percent 10
