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Ford will lay off 30,000; Restructuring to close14 N. American plants.

Publication: The Washington Times
Publication Date: 24-JAN-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Ford will lay off 30,000; Restructuring to close14 N. American plants.(PAGE ONE)

Article Excerpt
Byline: Jeffrey Sparshott, THE WASHINGTON TIMES

Ford Motor Co. yesterday said it will close 14 North American manufacturing facilities and cut employment by up to 30,000 in the next six years as part of a broad restructuring meant to reverse financial losses and stabilize eroding sales in the company's home market.

U.S. automakers and their suppliers are laying off tens of thousands of workers as they struggle to overcome high pension, health care and wage costs; strong foreign competition; and auto designs that have limited consumer appeal.

General Motors Corp., the top U.S. automaker, in November said it would shutter a dozen facilities and eliminate 30,000 jobs. The entire auto sector announced 110,016 job cuts last year, including more than 45,400 among suppliers such as Lear Corp. and...

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