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IN BRIEF / AUTOS

Ford Motor May Cut 2,000 Salaried Jobs

July 19, 2003|From Reuters

Ford Motor Co. may cut as many as 2,000 white-collar jobs worldwide, a source familiar with the plan said, as part of the company's plan to cut salaried employee costs by 10%.

A Ford spokesman declined to specify how many jobs might be affected by the cost-cutting plan, which was outlined as the company began negotiations with the United Auto Workers for a new contract and permission to close two U.S. assembly plants and cut thousands of union jobs.

Ford shares rose 16 cents to $10.99 on the NYSE.

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