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..

Lifestyle: How to turn facebook friends to real friends you can benefit from Lifestyle: How to turn facebook friends to real friends you can benefit from 2017-05-26 - When I joined Facebook in October 2008, the idea was to connect...
Lifestyle: It’s a curse to wait for someone to divorce in order to marry you Lifestyle: It’s a curse to wait for someone to divorce in order to marry you 2017-05-24 - Before anyone agrees to marry you, I am very sure they love you,...
Lifestyle: Be nice, be kind Lifestyle: Be nice, be kind 2017-05-08 - Be nice… be kind. I know this may seem like a simplistic message,...
Lifestyle: The 16 creepiest dating things every girl has done but will never admit Lifestyle: The 16 creepiest dating things every girl has done but will never admit 2017-04-25 - Look, it happens. You start off doing one harmless Google search...
Lifestyle:5 mysteries of the male brain Lifestyle:5 mysteries of the male brain 2017-03-30 - Male and female brains are different. Sometimes very different.It...