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Ford To Close Plants, Cut Jobs
Company Official Says Cuts Necessary To Move Business Forward
POSTED: 1:20 pm EDT April 13, 2006
DETROIT -- Ford Motor Co., which is closing plants and cutting jobs in an effort to improve results from its North American auto business, said Thursday that it will close plants in Norfolk, Va., and St. Paul, Minn., in 2008.
The plants employ about 4,300 hourly and salaried workers.
"A decision to end production at a plant is not an easy one, and I'm deeply mindful of the impact this decision has on Ford employees, families and communities," Mark Fields, Ford's president of the Americas, said in a statement. "Unfortunately, these are necessary steps w
e must take to move the business forward."
The nation's second-biggest automaker announced in Janu
ary that it would close 14 plants by 2012, but only identified five of them. It said at the time that it would name two more plants later in the year.
Ford, in a news release announcing the closures, said the staff reductions in Virginia and Minnesota are part of the 25,000 to 30,000 job cuts announced in January.
General Motors Corp. also is in the midst of a major restructuring and plans to close 12 plants by 2008.
Ford To Close Plants, Cut Jobs
Company Official Says Cuts Necessary To Move Business Forward
POSTED: 1:20 pm EDT April 13, 2006
DETROIT -- Ford Motor Co., which is closing plants and cutting jobs in an effort to improve results from its North American auto business, said Thursday that it will close plants in Norfolk, Va., and St. Paul, Minn., in 2008.
The plants employ about 4,300 hourly and salaried workers.
"A decision to end production at a plant is not an easy one, and I'm deeply mindful of the impact this decision has on Ford employees, families and communities," Mark Fields, Ford's president of the Americas, said in a statement. "Unfortunately, these are necessary steps w
e must take to move the business forward."
The nation's second-biggest automaker announced in Janu
ary that it would close 14 plants by 2012, but only identified five of them. It said at the time that it would name two more plants later in the year.
Ford, in a news release announcing the closures, said the staff reductions in Virginia and Minnesota are part of the 25,000 to 30,000 job cuts announced in January.
General Motors Corp. also is in the midst of a major restructuring and plans to close 12 plants by 2008.