FORD MOTOR CO. SAID FRIDAY IT IS CUTTING 35,000 JOBS WORLDWIDE AND CLO...

World | January 12, 2002, Saturday // 00:00

Ford Motor Co. said Friday it is cutting 35,000 jobs worldwide and closing five plants in North America as the No. 2 automaker struggles to cut costs and boost profits. The company also announced a new series of incentives in response to the move by General Motors Corp. to offer USD 2,002 rebates on virtually all its models. Ford's response is somewhat more generous than GM on some models.

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