Monday, January 23, 2006

BLACK MONDAY

Ford to Cut 25,000 to 30,000 Jobs and Idle 14 Facilities by 2012 As Part of Restructuring By DEE-ANN DURBIN AP Auto Writer The Associated Press DEARBORN, Mich. - Ford Motor Co., the nation's second-largest automaker, said Monday that it will cut 25,000 to 30,000 jobs and idle 14 facilities by 2012 as part of a restructuring designed to reverse billion-dollar losses in North America.