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Ford to Cut 440 Jobs in Australia
Ford Motor Co. will shed 440 employees in Australia, or about 15% of its workforce there, and slash output 29% to 148 vehicles per day in November to align production with vehicle demand.
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Ford Motor Co. will shed 440 employees in Australia, or about 15% of its workforce there, and slash output 29% to 148 vehicles per day in November to align production with vehicle demand.
The job cuts will be evenly divided between the company's assembly plant in Broadmeadows and engine factory in Geelong. Ford says it will offer buyouts to workers but may need to dismiss some employees to achieve its goal.
The company has been especially hard-hit by double-digit declines in demand for its flagship Falcon fullsize sedan, which was once the country's top seller. Ford received US$105 million from Australia's state and federal governments in January in exchange for investing in the local plants and a pledge to keep producing vehicles there until at least 2016.
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