World Economy

Ford to Cut 10% of Global Workforce

Ford to Cut 10% of Global WorkforceFord 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.”

Add new comment

Read our comment policy before posting your viewpoints