Ford cuts its hourly workforce by half
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DETROIT -- Ford's hourly work force is shrinking to half its current size, following the announcement yesterday that 38,000 hourly workers have agreed to accept early retirement or buyout packages this year.
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Ford Motor Co. could announce a new round of salaried job cuts as soon as Friday, according to a published report.
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Ford Motor Co. said Tuesday it will end the second of its two production shifts at its suburban assembly plant effective Jan. 3, eliminating about 800 jobs.
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Marsh &amp; McLennan Cos., the world&#39;s largest insurer, announced a five-per-cent cut to its workforce on Tuesday, in hand with a big decline in its third-quarter results.
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Jaguar is to halt production at one of its plant in Coventry, central England, with the loss of more than 1,000 jobs, because of weak demand for the luxury brand, US parent company Ford announced.
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Jaguar car production is to end at a plant in Coventry, Warwickshire, with the loss of more than 1,000 jobs because of weak demand for the luxury brand, US parent company Ford announced.
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Delphi, the world&#39;s largest auto parts maker, said Friday that it would cut nearly 5 percent of its work force, or 8,500 jobs, as it copes with the declining fortunes
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Shift in the U.S. workforce is no longer just about factory workers.  All kinds of jobs that pay middle range -- $17 an hour, or about $35,000 a year -- are vanishing.
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Production of Jaguar cars is to end at one of its main UK factories, with the loss of 1,150 jobs. About 750 white collar workers and 400 production staff will lose their jobs at the Browns Lane site in Coventry
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The world's largest automaker lowered its annual earnings forecast Thursday, a few hours after announcing plans to cut about 20 percent of its European workforce by the end of 2006 in hopes of saving about $600 million a year.
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About 8,000 U.S. hourly workers left struggling automaker Ford Motor Co.  in January after taking buyout offers, said Mark Fields, president of the Americas and overseer of Ford's restructuring.
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Luxury car maker Jaguar yesterday said it was cutting more than 1,100 jobs at its Brown&#39;s Lane plant in Coventry, ending 50 years of assembly at the site.
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Ford Motor Co. announced a new round of plant closings and staff cuts and suspended its dividend payment Friday as it aims to save $5 billion in costs.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   59 U.S. branch offices over the next year in order to cut   costs.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world&#39;s biggest carmaker said on Thursday.
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DETROIT -- Ford Motor Co.ÃÂ ÃÂ Ford Motor Co. said Friday that it plans to cut 10,000 more salaried jobs, offer buyouts to all hourly workers and shut down two more plants as part of a dramatic restructuring plan designed to rein in expenses and restore the struggling automaker to profitability.
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Bank of America said today it will cut about 2.5 percent of its work force beginning this month as a result of its merger with FleetBoston.