Looks like Ford is going to the axe to reduce their fixed costs. They may even cut more if they can't keep their expenses in line. I have a feeling that some of these people will find a nice home at Fords competitors. This is certainly good news for the auto company as well:
Furthermore, CEO Bill Ford told reporters in Detroit that a comprehensive restructuring plan would be unveiled some time before October aimed at bolstering Ford's ailing North American auto business.
I think they really need some restructuring because they are ailing badly in this market when compared to their Japanese and even American competitors.
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