Ford to Cut 10% of Global Workforce
Ford to Cut 10% of Global Workforce

Ford to Cut 10% of Global Workforce

Ford to Cut 10% of Global Workforce

US auto giant Ford is poised to cut thousands of jobs worldwide, with reductions expected to total about 10% of its global workforce, the Wall Street Journal said late Monday. America’s second largest carmaker, Ford currently employs some 202,000 workers worldwide. The announcement comes as the company grapples with slowing sales after several years of growth. April saw the automaker sell 214,695 vehicles, some 7.2% fewer than the same time one year earlier. Ford spokesman Mike Moran said the company’s immediate goals “include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities.”

Short URL : https://goo.gl/xmWq7y
  1. https://goo.gl/mA4NqM
  • https://goo.gl/VV7fhw
  • https://goo.gl/tExA7M
  • https://goo.gl/Vih0IW
  • https://goo.gl/FVJ16b

You can also read ...

Nigeria Recovery Fragile
Nigeria’s economy grew 1.4% year-on-year in the third quarter...
Asian Shares Dip
Asian shares fell in muted trading Monday ahead of the...
Michel Barnier during his speech in Brussels, Nov 20, said: Britain would lose its “passporting” rights to let banks automatically do business in the EU after it leaves in March 2019.
European Union Brexit chief Michel Barnier said on Monday the...
The export climate index remains elevated.
Japan’s exports grew 14% over a year earlier in October on...
IMF expects demand growth for housing to remain robust.
The International Monetary Fund says any pickup in Australian...
Household debt topped the list of key systemic risks cited by market watchers at 87%.
South Korea’s growing household debt and geopolitical risks...
Jordan’s real GDP is forecast to grow at 3% in 2018 and 3.2% in 2019.
Jordan’s economy which has been straddled with mounting debt...
Mongolia Rated Positive
Fitch Ratings agency has revised Mongolia’s credit rating from...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.