USA: Pending retirements will help Ford plans for 21,000 job cuts - report
Ford hopes to eliminate about 21,000 jobs or 20% of its blue-collar work force over the life of a new collective bargaining agreement with the United Auto Workers union, sources familiar with the company's plans have told Reuters. The news agency noted that, when it unveiled a multi-year turnaround plan to recover from a deepening financial crisis in January last year, the world's second largest vehicle maker said it planned to cut about 12,000 hourly jobs, nearly all represented by the UAW.
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