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Ford to cut 30,000 jobs - Deseret News

Rollback called 'painful last resort' may hit Utah By Micheline Maynard New York Times News Service and Greg KratzDeseret Morning News DEARBORN, Mich. — The Ford Motor Co. said Monday it will close as many as 14 factories and cut up to 30,000 jobs over the next six years.Keith Johnson, Deseret Morning NewsSales representative Lupe Munoz, left, talks with Pedro Nava at LaPoint Ford in Murray on Monday. Ford announced layoffs and plant closings in effort to boost profits. It Was the latest move in a fundamental restructuring of Detroit's traditional auto Companies, hit hard by foreign competitors who have taken More than 40 percent of the American market. The moves by Ford, the second-largest automaker in the United States, come two months after industry leader General Motors said it would close all or part of a dozen factories and eliminate a similar number of jobs. Including cuts that took place at the Chrysler Corp., the Big Three automakers have eliminated or announced plans to eliminate nearly 140,000 jobs since 2000. That is about one-third of their North American payroll, a rollback to a work-force size not seen since the end of World War II. The effects of Ford's cuts - More available

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