A symbol of American manufacturing’s decline: Ford to slash 44,000 jobs (tags)
Ford Motor Company on Friday announced a plan to drastically downsize its North American operations, cutting about a third of its salaried employees and offering buyouts to all of its hourly workers in the United States. The move—an acceleration and intensification of the company’s “Way Forward” plan announced in January—is aimed at cutting annual operating costs by $5 billion.