Ford may announce Way Forward version 2 today

Business Materials 14 September 2006 13:42 (UTC +04:00)

(autoinsidernews) - According to Reuters reports, Ford Motor will announce another massive corporate restructuring today, which will lower white-collar costs by 30 percent and include cutting jobs and benefits, citing The Wall Street Journal. The restructuring will also include a new pricing strategy, which we are assuming means lower prices and few incentives, reports Trend.

Ford spokesman Oscar Suris did not comment on the WSJ report, but said the automaker will announce its revised restructuring plan later this month. We're going to do it in a public fashion, he added.

Ford is also expected to expand its buyout and early retirement programs to all plants. Ford previously aimed its buyouts at specific factories, but only several thousand UAW-represented workers have accepted the buyouts.