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Ford to cut jobs overseas

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The Ford Motor Company's emblem is pictured at the company's factory in Almussafes near Valencia September 5, 2012. REUTERS/Heino Kalis
The Ford Motor Company's emblem is pictured at the company's factory in Almussafes near Valencia September 5, 2012. REUTERS/Heino Kalis

DEARBORN (WKZO) -- Ford Motor Company plans to cut thousands of jobs overseas.

On Thursday, the automaker announced that it will cut 5,700 jobs at three facilities in the UK and Belgium.  The move is part of an intensified restructuring meant to return Ford's money-losing European operations to profitability by 2015.

Ford expects to lose roughly 1.5-billion dollars in Europe this year.

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