Bill Ford laid out a plan on Monday that would call for the idling of 14 manufacturing facilities, 25,000 to 30,000 factory jobs, and cut 12% of the company's officers by 2012. The six year plan would supposedly bring Ford back to profitability within two years. It is a simple matter of producing way more vehicles than Ford is currently selling. To cut back the number of vehicles produced, Ford must idle some of its factories. These are painful, but necessary cuts if the automaker plans on continuing to be in business for another 100 years.
Get all the info from the article as well as audio statements by Bill Ford and others - MORE PAIN AHEAD: Ford lays out deep cuts, but details unclear