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Ford Unveils Job Cuts, Plant Closures

Bill Ford, chairman of the board and CEO of Ford Motor Company, in Dearborn, Mich., Jan. 23.
Bill Pugliano
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Bill Ford, chairman of the board and CEO of Ford Motor Company, in Dearborn, Mich., Jan. 23.

Ford Motor Co. announces plans to eliminate 25,000 to 30,000 jobs in North America -- more than 20 percent of the workforce.

The long-awaited restructuring plan also includes closing 14 plants in the United States, Mexico and Canada over the next six years.

But any job cuts will have to be negotiated under the terms of the labor contract with the United Auto Workers union, and Ford officials said they did not believe the company could shrink its way back to prosperity.

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Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.