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FORD ANNOUNCES UP TO 5,000 WHITE COLLAR JOB CUTS, 2001-08-17 (photo)

IMAGE number
REU8000824
Image title
FORD ANNOUNCES UP TO 5,000 WHITE COLLAR JOB CUTS, 2001-08-17 (photo)
Auto-translated text View Original Source
Photographer
Reuters Photographer
Medium
photograph
Date
2001 AD
Shooting Date
2001-08-17
Image description

Dearborn, Michigan-based Ford Motor Company, the headquarters of the company seen August 17, 2001, announced Friday it would cut up to 5,000 white-collar jobs in North America as it struggles to reverse declines in sales, profitability and U.S. market share. Hurt by massive tire recalls and public scrutiny over deaths and injuries in rollovers of its popular Explorer sports utility vehicle, Ford said it was slashing its full-year 2001 earnings forecast by more than 40 percent. REUTERS/John C. JCH/ME

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REUTERS/Reuters Photographer / Bridgeman Images
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