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Ford cuts $5 billion in operating costs, 14,000 white collar jobs

Bruce Nunnally

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Ford Motor Co. said today it will cut its operating costs by $5 billion and cut its salaried work force by one-third, or about 14,000 positions, as it speeds up its Way Forward restructuring plan. Ford also said it will sell or close all former Visteon plants by the end of 2008 and close other plants.


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