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Hazelwood, Mo., Ford Plant Expects Restructuring Plan to Spare Them.
Knight Ridder/Tribune Business News, January, 2002
By Gregory Cancelada, St. Louis Post-Dispatch Knight Ridder/Tribune Business News
Jan. 8--Ford Motor Co. is expected to unveil on Friday a long-awaited restructuring plan aimed at returning to profitability.
While the plan is expected to include layoffs, analysts and labor officials don't anticipate that the Hazelwood plant -- where the Explorer sport-utility vehicle is produced -- will be affected.
Ford is under pressure to cut costs and reorganize manufacturing operations as it confronts its first full-year loss since 1992. Earnings for the fourth quarter and the year are scheduled to be made public Jan. 17. Analysts predict Ford will report a loss of nearly $900 million for the year.
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