Ford has announced a number of job cuts as the car manufacturer look to stem its losses.

Car manufacturers are struggling to cope as demand has fallen over the past year, leaving a glut in the market and declining profits at top companies such as Ford and General Motors.

Ford has revealed that it is to cut as many as 30,000 jobs as part of its restructuring programme which is designed to make the company more efficient and to stem the losses that have been incurred as sales have tumbled.

According to a report in the Detroit News, Ford plans to close up to ten assembly and component plants, which will result in the firm lowering its production output over the next five years.

Chairman and chief executive Bill Ford Jr told the newspaper that the planned restructuring would involve "significant plant closings", although he refused to elaborate on this.

As the global car market has contracted, automakers such as Ford and General Motors have struggled to cope, while those manufacturers that have embraced new green technologies through hybrid and fuel efficient diesels have fared somewhat better.


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