DOWNSIZING: Ford to disclose cuts on Jan. 23
Release to include closings, earnings
BY SARAH A. WEBSTER
DETROIT FREE PRESS BUSINESS WRITER
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 www.shareholder.ford.com