A Huffalump did his business here...: Ford to cut 45,000 jobs

Friday, September 15, 2006

Ford to cut 45,000 jobs

DETROIT (Reuters) - Ford Motor Co. on Friday said it will slash $5 billion in costs and cut nearly 45,000 jobs, about one-third of its work force, in a sweeping restructuring, and warned that its North American unit won't make a profit for another three years.

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