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March 22, 2016
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Louis, Atlanta, St. Paul, Minn., and Cuautitlan, Mexico.
The cuts will likely go beyond those five plants and include the loss of seven senior executives, up to 30,000 blue-collar jobs at more than 10 plants and the revitalization of the Ford, Mercury and Lincoln brands. Ford is restructuring its North American operations to stem pre-tax losses that reached $907 million US in the second quarter, ended June 30 this year...
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Ford is restructuring its North American operations to stem pre-tax losses that reached $907 million US in the second quarter, ended June 30 this year.
The automaker made a profit of $454 million US in the same period in 2004. The North American operations pulled down the company's global results. Ford reported a company-wide profit of $946 million US or 47 cents a share that period, down from a profit of $1...
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