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Jun 22, 2005

CUTTING - USA - FORD Cutting Another 1,700 Positions

USA - FORBES/Associated Press -06.22.2005: -- Ford Motor Co., reeling from costs and weaknesses in its North American operations, is cutting another 1,700 salaried positions and reducing its full-year profit outlook for the second time in two months... Ford also said it was taking new steps to reduce costs related to salaried employees this year... The company will cut salaried positions at its North American operations by 5 percent, or about 1,700, and reduce the use of agency and purchased services by 10 percent. The new cuts come atop 1,000 salaried job cuts also announced in April...

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