Published June 14, 2008, 12:00 AM
Market slump forces Ford to cut jobs
Ford Motor Co. managers told union officials Friday that the company will have to further reduce its factory work force in the coming months.
DETROIT (AP) — Ford Motor Co. managers told union officials Friday that the company will have to further reduce its factory work force in the coming months.
The slumping U.S. economy has cut U.S. auto sales by 8 percent during the first five months of the year, but it’s been a double hit on Ford, General Motors Corp. and Chrysler LLC as consumers shun their high-profit pickup trucks and sport utility vehicles for more fuel-efficient models as they cope with $4 per gallon gasoline.
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