Ford is expected to cut jobs
Saw this on FoxNews:
DETROIT — Ford Motor Co. (F) employees from Canada to Mexico were bracing for the possibility of thousands of job cuts as the No. 2 U.S. automaker seeks to reverse billion-dollar losses by closing some plants.
Ford was set Monday morning to announce details on its long-term restructuring plan, dubbed the "Way Forward," in Dearborn, home of the 103-year-old automaker's headquarters.
Ford has refused to release details of the plan, which is expected to include plant closings, product changes and cuts to Ford's salaried ranks. Ford has approximately 87,000 hourly workers and 35,000 salaried workers in North America.