Ford gets ready to cut jobs



Ford Motor, under pressure from shareholders to cut costs in the face of lower profits and falling share price, could be getting ready to make deep cuts in its worldwide staff.

The Wall Street Journal reported late Monday evening that Ford plans to cut about about 10% of its worldwide work force, which comes to about 20,000 jobs. The paper cited people familiar with the proposal.

Reuters and the Detroit News both reported Tuesday that 10% cuts are under consideration. The reports say that most of the jobs would be salaried workers who do not have union protection, rather than the 57,000 U.S. hourly staff who work on assembly lines.

Read the Full Article at >>>>

It's only fair to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInShare on RedditShare on TumblrEmail this to someone

Related Posts

Comments Closed

All content herein is owned by author exclusively. Expressed opinions are not necessarily the views of VT Jobs, VT Jobs, authors, affiliates, advertisers, sponsors, partners, technicians or Veterans Today Network and its assigns. In addition, all images within this post are the full responsibility of the author and NOT Veterans Today Network. Notices

Posted by on 8:38 am, With 0 Reads, Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.



You must be logged in to post a comment Login

From Veterans Today Network