Ford set to trim up to 13,000 more jobs: report
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Ford Motor Co  is set to announce up to 13,000 new job cuts after agreeing with the United Auto Workers union on terms of the redundancies, The Wall Street Journal reported on Thursday.
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Jaguar said yesterday it would cut production by about 15,000 cars, or 11%, for the rest of the year in response to weak sales in its key market of the US.
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About 8,000 U.S. hourly workers left struggling automaker Ford Motor Co.  in January after taking buyout offers, said Mark Fields, president of the Americas and overseer of Ford's restructuring.
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As Ford Motor Co.  moves to  implement its biggest job-cut and plant-closure program in its  103-year history, uncertainties about the turnaround plan risk  complicating its execution, analysts said on Monday.
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DETROIT/FRANKFURT  - DaimlerChrysler said on Wednesday it would cut 13,000 jobs at its Chrysler operations in North America, and raised the prospect that it could even part ways with the loss-making business.
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DETROIT -- Ford Motor Co. said Wednesday that about 38,000 of its hourly production workers have accepted buyouts or early retirement offers so far this year.
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DEARBORN, Michigan  - Ford Motor Co.  is ahead of where it expected to be in reducing an overhang of excess production capacity at this point in its turnaround effort and has made "encouraging progress" in stabilizing its U.S. market share, a senior executive said on Friday.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   branch offices in order to cut costs.
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General Motors Corp.  and Ford Motor Co.  are expected to announce further cuts in vehicle production levels this week as they move to trim inventories of unsold cars and trucks following weak sales, analysts said.
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Ford Motor Credit, the financial arm of  Ford Motor Co.  said on Thursday it would cut 2,000 jobs  -- almost a quarter of its staff in North America -- and close  branch offices in order to cut costs.
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AUBURN HILLS, Michigan  - Chrysler Group, the struggling U.S. arm of DaimlerChrysler AG, on Wednesday said it would cut 13,000 jobs or 16 percent of its work force in a bid to return to profitability by 2008.
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Ford Motor Co.  on Friday said it  would cut its annual costs by about $5 billion by the end of  2008 and reduce its salaried staff by about a third as part of  an accelerated restructuring.
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By Christopher Hope Business Correspondent (Filed: 28/08/2004). A question mark is hanging over the future of Jaguar&#39;s three British plants, which employ 7,500 staff, after its owner Ford said it was cutting
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German-US auto giant DaimlerChrysler has said it planned to axe 13,000 jobs at its loss-making Chrysler subsidiary as part of a broad restructuring plan aimed at returning the US unit to profitability by 2009.
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Ford Motor Co. will offer three buyout programs to US salaried employees and said it plans to fire workers if fewer than 10,000 agree to leave.
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DETROIT -- Ford took drastic steps yesterday to remold itself into a smaller, more competitive company, slashing thousands of jobs and shuttering two additional plants to cut costs and fend off a financial crisis.
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Ford Motor Co. F.N will announce on   Wednesday a massive corporate restructuring that will lower   white-collar costs by 30 percent and include cutting jobs and   benefits, according to the online version of The Wall Street   Journal.