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Market Update : 
Ford Motor Q3 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 11:03 PM ET December 02 2008


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Alan Mulally

It will be lower cash flow output.

Amy Wilson - Automotive News

Okay all right, thanks.

Operator

Your next question comes from the line of Sarah Webster representing The Detroit Free Press. Please proceed.

Sarah Webster – The Detroit Free Press

Hi good morning. Our readers here are most curious about the job cuts. I wonder if you could elaborate on when the 10% reduction, whether it will be voluntary or involuntary, and when employees will know whether or not they will be keeping their jobs?

Alan Mulally

It will be involuntary and it will be by the end of January and part of that will be attrition, too Sarah, so it will be a mixture.

Sarah Webster – The Detroit Free Press

Will that cut be concentrated in North America?

Alan Mulally

Yes.

Sarah Webster – The Detroit Free Press

Will it all be in North America?

Alan Mulally

Yes.

Lewis Booth

That 10% is specific to North America. The program we described is separate.


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