Ford cuts 10,000 more salaried jobs

Ford Motor Company today said it planned to cut 10,000 more salaried jobs, offer buyouts to all 75,000 hourly workers and shut down two more plants as part of a dramatic restructuring plan designed to rein in expenses and restore the struggling US vehicle maker to profitability.

The company said in a news release that it would shutter a stamping plant in Maumee, Ohio, in 2008 and an engine plant in Essex, Ontario, in 2007.