Ford Aims to Cut 1,000 U.S. Jobs

[ckramer]

Ford Motor Co. said on Tuesday it is offering buyout packages to salaried employees, with the aim of eliminating about 1,000 U.S. jobs by the end of June in an effort to cut costs and meet profit targets.

"One thousand is about the number we have targeted as being the right amount to get (the cost cuts)," Ford spokeswoman Marcy Evans said.

If the automaker can't get enough employees to accept its buyout offer, it may resort to layoffs, Evans said.

Ford, which employs 45,000 salaried employees in the United States, has been losing vital U.S. market share to Asian and domestic rivals. The company's U.S. sales declined 5.2 percent so far this year.

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[Megahurtz]

1. Hmmm, so many jobs cut

and no new jobs.:scared:

[Conservativesux]

2. Flophouses will be making a comeback. Thanks for nothing * !!!!!

[Speck Tater]

3. Have you noticed lately that American business...

... is no longer about making products or providing jobs, it's all about paying as much as possible to the investors today, even if it means crippling the business for tomorrow.

Wall Street cheers every time someone loses their job because it means the stock will go up a few pennies tomorrow.

A business that made a great product that filled an important need and provided a decent living for a bunch of employees, and broke even year after year by doing those two wonderful things would be considered a miserable failure by Wall Street because it pumped no money into the pockets of the stock market gamblers.

That's just screwed up!