|
CNBC'S MOST SHARED
- WPP's Sir Martin Sorrell on the Ad Recession
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- Preparing for Retirement
- Software Giants Rush to Cash In on Carbon Counting
- The View From Newark
- Investing in Tech Now
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- Microsoft Plays a Game of Bing Pong
- Obama Struggles With His Healthcare Overhaul
- GM CEO Henderson Says New GM Must Succeed
- World Has Avoided Economic Disaster, Obama Says
- Farrell: Let's Enjoy the Numbers for a Moment
- Social Networking's 'Naked' Truth
- Geithner Seeks Clampdown on Derivatives Dealers
- A Muscle Car to the Rescue for General Motors
- Recession Special: Steak for $5!
- UBS Can't Comply with US Request: Internal Memo
- One-on-One With UFC's Dana White
- Improving Morale Vital to Success and Survival
- Global Stimulus: Boosting Water Stocks
- Warren Buffett's Top Three Investment Rules for the Average American
- Schork Oil Outlook: It’s Now or Never for the Bulls
- Social Networking's 'Naked' Truth
- Farrell: Let's Enjoy the Numbers for a Moment
- Call Of Shame - Vote Now
- Schmidt on Social Media, Ads and Hulu
Ford Motor plans to cut its U.S. salaried work force by up to 12 percent after its turnaround plan stalled because of the downturn in the U.S. economy, the Detroit News reported Wednesday.
Ford [F
Loading...
()
] warned last week it would not achieve its long-standing
goal of returning to profitability in 2009 because of the U.S. economic downturn and a permanent shift in demand toward cars and crossovers and away from large trucks and SUVs.
The automaker also told employees in a memo last week that it expected to make cuts in hourly and salaried employees by Aug. 1 and would detail those steps in July.
The cuts would be involuntary and were still being worked out by Ford, the newspaper reported.
A Ford representative could not be reached immediately for comment.








