Ford raises prospect of further job cuts if it misses financial targets
Ford Motor Co has raised the prospect of further job cuts and plant closures if its sweeping restructuring plan fails to meet the US company's targets, chairman and chief executive Bill Ford said in an interview with the Financial Times.
He said management was looking at a "Plan B" that could be applied selectively to parts of a $9 billion restructuring announced earlier this year.
"Plan B won't consist of one lever that you pull and everything goes into action; there is a series of things like more headcount reductions, more plant closings, different actions by Ford Credit [financing arm]," the chairman and CEO told the paper.
(Thanks to Falchoon for the story)