Vision1 FM                       Light FM                         Light TV

Ford 'set to shed 10% of workforce'

The cuts, first reported in the Wall Street Journal, are part of a plan to save $3bn (£2.3bn) during 2017.

Ford refused to confirm or deny the story, but said in a statement that it was focused on its plans to "drive profitable growth".

It added: "Reducing costs and becoming as lean and efficient as possible also remain part of that work. We have not announced any new people efficiency actions, nor do we comment on speculation."

Ford employs around 200,000 people, with half of them in North America.

Leaked document

In March, the carmaker announced that it would spend $1.2bn (£927m) to upgrade three plants in Michigan in the US and create 130 new jobs.

At the start of the year it cancelled plans to build a new factory in Mexico after pressure from President Trump, who had also criticised General Motors' plans to produce cars there.

The company's share price has fallen by nearly 40% since Mr Fields took up his role in the middle of 2014.

Earlier this year, a leaked document seen by BBC Wales revealed that Ford was projecting a reduction of 1,160 workers at its plant in Bridgend by 2021 if no new projects came into the site.

 

 

 

 

 

 

Source: bbc.com

More Lifestyle..

Cocoa and the brain lifestyle Cocoa and the brain lifestyle 2018-01-12 - Cocoa, in its pure form, is highly nutritious and modern research...
2017 wildest Innovations: 3D-printed sex organs to help blind students learn 2017 wildest Innovations: 3D-printed sex organs to help blind students learn 2018-01-06 - A major boast in the worlds economy is scientific innovations,...
LIFESTYLE: My parents disowned me for marrying a man who couldn’t pay my bride price LIFESTYLE: My parents disowned me for marrying a man who couldn’t pay my bride price 2017-12-18 - I was twenty-four years when Charles and his family came home...
Lifestyle: Tips for a stronger manhood Lifestyle: Tips for a stronger manhood 2017-12-11 - It’s the eternal quest: how do you increase the size, strength...
Lifestyle: 8 mistakes women make with men Lifestyle: 8 mistakes women make with men 2017-11-20 - We Fall In Love With Potential I cannot possibly be the only...