Ford plans to cut about 10% of global workforce

Ford Motor plans to cut about 10 per cent of staff worldwide as Chief Executive Officer Mark Fields faces escalating pressure to boost profit and a lagging stock price, the Wall Street Journal reported.   The job cuts are expected to be outlined as early as this week and mostly target salaried employees, the newspaper said, citing unidentified people briefed on the plan.

It’s unclear if hourly factory workers are included, the Journal said.   In Germany, where the carmaker’s European operations are based, Ford has.

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