Ford says to idle two more assembly plants
Posted on: Thursday, 13 April 2006, 12:21 CDT
DETROIT (Reuters) - Ford Motor Co. said on Thursday it will idle its St. Paul, Minnesota, and Norfolk, Virginia, assembly plants as part of the automaker's broader restructuring plan.
Ford's restructuring plan, dubbed "Way Forward," calls for the closing of 14 plants, including seven assembly plants, and slashing up to 30,000 blue-collar jobs. It is designed to reverse a $1.6 billion loss last year in the company's North American operations.
Ford has already announced the closure of plants in Wixom, Michigan, St Louis, Missouri, and Atlanta, Georgia.
Source: REUTERS
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