Ford may be closing 5 plants
#1
12-02-2005
Ford may be closing 5 plants
One of them is St Paul Mn, isn't that where the Rangers are made?
Fri Dec 2, 2:02 AM ET
NEW YORK (Reuters) - Ford Motor Co. is likely to close five plants that employ about 7,500 workers, or about 6 percent of the company's North American workforce, the Wall Street Journal reported on Friday.
Citing two people familiar with Ford's product plans, the paper said the company was likely to shut assembly plants in St. Louis, Atlanta and St. Paul, Minn., as well as an engine-parts plant in Windsor, Ontario, and a truck-assembly plant in Cuautitlan, Mexico.
The plans to shut the plants were still being formulated and were subject to change, the Journal added.
Ford, facing a deepening financial crisis, has promised to unveil a radical restructuring in North America early next year.
The company lost $284 million in the third quarter. On Thursday it said sales fell for a third straight month, down 18 percent, and cut its production forecasts for the fourth and first quarters.
In November, the company announced plans to eliminate 4,000 salaried jobs, or 10 percent of its North American white-collar work force, as part of the larger restructuring plan.
Fri Dec 2, 2:02 AM ET
NEW YORK (Reuters) - Ford Motor Co. is likely to close five plants that employ about 7,500 workers, or about 6 percent of the company's North American workforce, the Wall Street Journal reported on Friday.
Citing two people familiar with Ford's product plans, the paper said the company was likely to shut assembly plants in St. Louis, Atlanta and St. Paul, Minn., as well as an engine-parts plant in Windsor, Ontario, and a truck-assembly plant in Cuautitlan, Mexico.
The plans to shut the plants were still being formulated and were subject to change, the Journal added.
Ford, facing a deepening financial crisis, has promised to unveil a radical restructuring in North America early next year.
The company lost $284 million in the third quarter. On Thursday it said sales fell for a third straight month, down 18 percent, and cut its production forecasts for the fourth and first quarters.
In November, the company announced plans to eliminate 4,000 salaried jobs, or 10 percent of its North American white-collar work force, as part of the larger restructuring plan.
#2
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12-02-2005
#4
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well I doubt Ford is going to give up the mid size truck market
they will switch manufacture to another plant
or, dare I say it - go back to the old days and rebadge an import......
hey wait a minute, maybe that import will be from a Ford plant
what a conumdrum that will put the 'Buy American' crowd into
they will switch manufacture to another plant
or, dare I say it - go back to the old days and rebadge an import......
hey wait a minute, maybe that import will be from a Ford plant
what a conumdrum that will put the 'Buy American' crowd into
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#7
12-04-2005
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Hi, my name is John, I'm dislocate worker since Jan 2005 and I still unemployment for 11 months now... my old job was Oxford Automotive company that make suspenion parts for Ford and Chevy company. They came in our plant and pulled machines and welding away to oversea, I lost my three good pay jobs to mexico and oversea for three times in 20 years. now I'm 40 years old and sign up for drawing SSDI and SSI checks because I'm profound deaf and I'm retired now. no factory job for me anymore.
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