US:DOWNSIZING: Ford to disclose cuts on Jan. 23 - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
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post #1 of 1 (permalink) Old 01-04-06, 06:27 PM Thread Starter
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US:DOWNSIZING: Ford to disclose cuts on Jan. 23

DOWNSIZING: Ford to disclose cuts on Jan. 23
Release to include closings, earnings


Only 19 more days of waiting for Ford Motor Co. workers worried about their jobs.

Ford confirmed Tuesday that it will use Jan. 23 to release its Way Forward turnaround plan, which is expected to close plants and lay off tens of thousands of workers, as previously reported.

The Dearborn-based automaker also is to release its fourth-quarter and 2005 full-year financial results that day.

Ford has refused to speculate on which plants it might close or how many jobs it will cut.

But automotive experts have said they expect Ford to announce its intention to close plants in Wixom; St. Louis; St. Paul, Minn.; Atlanta; and Cuautitlan, Mexico.

Ford already negotiated with the Canadian Auto Workers in 2005 to close a casting plant in Windsor.

Between 1999 and 2004, Ford also eliminated 39,686 employees worldwide, ending last year with 324,864 workers.

So it's likely Ford would cut about that many people or more between now and 2010.

Ford's financial results and presentation will available on the Internet at

My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
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