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Ford and GM are heading down a slippery slope - and faster every month
now

http://www.businessweek.com/ap/finan.../D8K5PA700.htm
http://www.theautochannel.com/news/2...31/109507.html

Ford's method of slashing its labor force is similar to cuts made
earlier this year by larger rival General Motors Corp. At GM, 34,410
hourly workers have accepted buyouts or early retirement offers, and
the company cut 2,000 salaried workers.

Ford, GM and DaimlerChrysler AG's Chrysler unit are struggling with the
need to reduce their so-called "legacy costs" of big pay and benefits
packages for workers and retirees.