Ford 2003 Annual Report Download - page 106

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EMPLOYMENT DATA
The number of on-roll employees we employed at December 31, 2003 and 2002 was:
2003 2002
Operating Sector
Automotive
Americas
North America 122,201 128,094
South America 10,102 9,882
International
Ford Europe 61,685 65,872
Ford Asia Pacific 15,302 14,952
Premier Automotive Group 52,347 52,678
Other International Automotive 2,644 2,445
Financial Services
Ford Motor Credit Company 19,270 19,751
The Hertz Corporation 29,347 28,924
Other Financial Services 51,215
Total Before FIN 46 312,903 323,813
Employees Added Under FIN 46 * 14,628 -
Total 327,531 323,813
* Includes 7,973 in North America and 6,655 in Ford Europe
As shown in the table above, from December 31, 2002 to December 31, 2003, the number of people we employ increased
approximately one percent. The 2003 number includes 14,628 employees that were added to our on-roll employment numbers
as a result of the consolidation of several joint ventures that were deemed variable interest entities of which we are the primary
beneficiary under Financial Accounting Standards Board (“FASB”) Interpretation No. 46, Consolidation of Variable Interest Entities
(“FIN 46”). Excluding the effects of the consolidation of these entities, the number of employees on-roll would have declined
10,910 (or approximately three percent). The employment numbers in the table above exclude approximately 20,000 hourly
employees of Ford who are assigned to Visteon Corporation (“Visteon”), and, pursuant to our collective bargaining agreement
with the UAW, remain Ford employees. Visteon reimburses us for most of the costs associated with these employees.
104 FORD MOTOR COMPANY
EMPLOYMENT DATA
FIN73_104 3/21/04 1:07 AM Page 104