Ford Motor Co. will cut one-third of its white-collar jobs, offer its 75,000 hourly workers packages of incentives to leave the company and sell or shut down all of its underperforming parts-making plants over the next 16 months as part of a turnaround plan that the No. 2 automaker says will slash operating costs by $5 billion.
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Monday, September 18, 2006
Ford Restructuring Slashes $5 Billion in Costs
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