Ford to lay off some 2,500 workers
March 4, 2008 | 11:21 am | by t-blender |Rate It:
yahoo news: DETROIT (Reuters) - Ford Motor Co (F.N) said on Monday it would eliminate shifts at four U.S. plants and lay off some 2,500 workers — or almost 5 percent of its remaining work force — as part of an effort to cut costs and return to profitability next year.
The layoffs come at a time when the No. 2 U.S. automaker is offering buyouts and early retirement incentives to all 54,000 of its U.S. factory workers as it attempts to recover from a $2.7 billion loss in 2007.
Ford said it would run its Chicago and Louisville, Kentucky, assembly plants on one shift rather than the current two shifts starting this summer.
Ford’s Chicago plant builds its Ford Taurus and is readying to ramp up production for the all-new Lincoln MKS luxury sedan slated to go on sale starting this summer.
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