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Tomorrow Ford will reveal its much rumored about restructuring plan. According to the Detroit News Ford employees have already dubbed tomorrow 'Black Monday' because of the rumored job cuts. The restructuring plan or as Chairman and Chief Executive Officer Bill Ford Jr. has dubbed it the "Way Forward", is Fords plan to save the company from going under. Since 2001 Fords market value has plunged by $40 billion (US dollars).

Its been reported that Ford will announce the closing of at least 10 assembly and parts plants and cut up to 25,000 jobs in North America over the next five years. Ford is also going to cut 4,000 salaried jobs by April 1st; with layoffs beginning this week.

Ford Black Monday Bill Ford