Ford, Chrysler to cut more jobs
CNN reports: “Ford to cut 12,000 jobs, Chrysler 5,000.”
“Fresh off the negotiating table, new labor agreements with the United Auto Workers will allow Detroit’s Big Three automakers to eliminate as many as 50,000 jobs through a combination of buyouts and normal attrition during the next few years, industry analysts have said.”
“Tuesday, Ford . . . told employees it plans to cut 3,000 salaried jobs by releasing 1,700 contract workers and eliminating 1,300 vacant jobs in a bid to slash costs by the end of the year.”
