Plant Closings, Job Cuts Loom at Ford
"Ford Motor Co., hurt by falling sales of sport utility vehicles, is expected to close plants and cut thousands of jobs in North America as part of a restructuring program to be announced Monday. Ford has refused to release details of the plan, dubbed the 'Way Forward,' which also is expected to include product changes and cuts to Ford's salaried ranks. Ford has about 87,000 hourly workers and 35,000 salaried workers in North America. (Forbes)
In both cases that means Ford gets equal work out of both groups. I suspect the union hourly guys work about 40% as hard as the salaried workers, overall. And Union guys, please no flames, it's a well known fact that many of you have no-work deals from previous work contractions. I wonder how many Americans know that Ford is required to continue paying workers nearly a full salary even after it shutters a plant.
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