Friday, August 12, 2005

Ford fires salaried employees

Ford fires salaried employees:

"Ford Motor Co., for the first time in generations, has resorted to firing employees and immediately escorting them from corporate buildings -- roiling the company and compelling Chief Executive Officer Bill Ford to send a message this week to reassure the so-called Ford Family.

Until now, Detroit automakers have cut thousands of white-collar jobs almost exclusively by getting employees to voluntarily quit through early retirement, buyouts or letting open positions go unfilled.

But not nearly enough people have come off Ford's payroll to meet its initial goal of cutting 2,750 of its 35,000 North American white-collar workers."

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