The move will happen by 2017 and 1,000 German Ford employees will be affected. Employees on the night shift will cary brunt of the change, since they have higher wages then their daytime colleagues.
Ford recorded a net income of USD 7.2 billion, or USD 1.76 per share, and a 2013 pre-tax profit of USD 8.6 billion, a USD 603 million increase compared to 2012.
North America remained Ford’s most profitable market in 2013, posting an US 8.8 billion pre-tax profit, a USD 438 million increase compared to 2012 and a record since 2000.
Outside of North America, Ford’s Asia-Pacific-Africa operations led the way with a USD 415 million profit compared to a $77 million loss in 2012, followed by South America incurring a USD 34 million loss and Europe recording a USD 1.6 billion loss for the year. Ford Credit reported solid pre-tax results of nearly USD 1.8 billion, a USD 59 million improvement. (source: business-review.eu)