Assembly Line in Atlanta

On Friday, the last Ford Taurus was rolled off the assembly line taking with it nearly 2,000 jobs. The workers who lost their jobs could choose among eight separation, educational and retirement packages. Ten months ago, the second-biggest automaker company announced that it would be closing its Atlanta Assembly Plant as part of a reorganization plan to boost Ford Motor Co.'s (F) profits. This popular sedan has been around for 21 years and has sold over seven million vehicles. In the last five years, the Atlanta Plant was ranked as one of the top ten assembly plants in North America.
On Monday, Ford announce a third-quarter loss of $5.8 billion, it’s largest quarterly loss in 14 years. It said the third-quarter loss came from the costs of its massive restructuring plan aimed at changing the company and cutting expenses so it can compete better against lower-cost rivals from the overseas. Company officials predicted things would be even worse in the fourth quarter.

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