January 24, 2008 / 7:41 AM / 10 years ago

Ford set to trim up to 13,000 more jobs: report

NEW YORK (Reuters) - Ford Motor Co (F.N) is set to announce up to 13,000 new job cuts after agreeing with the United Auto Workers union on terms of the redundancies, The Wall Street Journal reported on Thursday.

The report, quoting people familiar with the matter, said the announcement could come as early as Thursday and that the cuts may affect as many as 11,000 hourly jobs and as many as 2,000 salaried positions.

That would be on top of some 44,000 jobs Ford has already shed since early 2006, it said.

Ford officials were not immediately available for comment.

Ford has been restructuring its operations in North America to match its decline to a mid-teens market share in recent years.

Chief Executive Alan Mulally said earlier this week that Ford needed about $17 billion for its restructuring and was able to obtain about $23 billion in financing, giving it some cushion against a further downturn.

The company reports fourth-quarter results on Thursday. Its third-quarter net loss totaled $380 million.

Reporting by Ritsuko Ando; Editing by David Holmes

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