Ford cutting jobs
Ford Motor Co., which a month ago seemed on the cusp of a turnaround, with a $100 million first-quarter profit, today said it would not likely achieve its 2009 goal of profitability for its troubled North American business unit and is revamping its turnaround plan for the second time since 2006, when it launched its Way Forward plan.
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That will include more personnel reductions by Aug. 1, according a memo from Ford CEO Alan Mulally to employees today.