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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Ford cuts Philippine office staff by 15 percent AP - 2 hours 40 minutes ago MANILA, Philippines - Ford Motor Co. has cut its office staff in the Philippines by 15 percent in a restructuring program, a company official said Monday. Some 29 employees, including six managers, out of total of 200 office-based staff accepted separation packages under a redundancy program that took effect Nov. 30, Ford Philippines Vice President for Human Resources Emmanuel dela Paz said. Dela Paz said Ford is doing better in the Philippines this year compared to last year, but the restructuring was in line with a region-wide directive to cut operating costs and make operations more efficient. In the Philippines, the goal is to bring down fixed costs by 20 percent, he said. Dela Paz said the move was not linked to the slowdown in the United States. "This is different from what happened in the U.S.," he said. "We started doing this even before the U.S. financial crisis hit." He said the company solicited volunteers from interested staffers, and no one was fired or retrenched. Ford has some 700 people in the Philippines, including office-based employees and 500 plant workers. Only office-based staffers were included in the redundancy program. In the U.S., Bush administration officials and congressional Democrats were working over the weekend on a deal to provide about $15 billion in loans to GM, Ford and Chrysler. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business EU clears France's bank bailout planAP - 20 minutes ago China wants to keep talking with US-US's McCormickReuters - 21 minutes ago GLOBAL MARKETS-Equities surge on stimulus hopes for economyReuters - 24 minutes ago Aquarius says suspends Everest platinum mine worksReuters - 24 minutes ago Emerging Markets-Assets rally on stimulus plansReuters - 25 minutes ago Most Popular – Business Viewed Financial crisis tipped to cut cost of air travel Girl, 8, among 17 dead in Manila shoot-out: police Oil price falls below $40 Climate change: Sci-fi solutions no longer in the margins Vinnie Jones gets into bar fight over role in X-Men View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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