After yesterday's ginormous $12.7 billion annual loss announcement (and the ensuing declaration of "Big Blue Oval Day" by the press) the Freep's Sarah Webster is all over FoMoCo's recent Bold Move(TM). The embattled Dearborn-based automaker's closing down seven day care centers in three states where Ford facilities are located. The centers are jointly operated by the automaker and the UAW and provide day care for nearly 900 pre-schoolers and infants. No word yet on whether the automaker and UAW's
adult day-care centers Jobs Bank will be affected.
Ford closing child-care centers [Freep]
FoMoCo FUBAR! Ford Earnings Call Live-Blog!; Big Blue Oval Day: Didn't The Wall Street Journal Get The Memo?; Breaking The Bank! Ford Leaks Money Like A Sieve In 2006, Reports Net Loss Of $12.7 Billion [internal]