Ford Plans to Slash Global Workforce by 10 Percent: Report | NBC Southern California
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Ford Plans to Slash Global Workforce by 10 Percent: Report

Investors are concerned that U.S. sales are peaking and Ford's market share is slipping

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    NEWSLETTERS

    Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price, according to the Wall Street Journal.

    (Published Tuesday, May 16, 2017)

    The Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price.

    The newspaper says the cuts would target salaried employees and would reduce Ford's global headcount by an equivalent of 10 percent.

    Ford didn't confirm the report Monday night.

    In a statement, the company said it's focused on reducing costs and improving efficiency. But Ford said it hasn't announced any job cuts and won't comment on speculation.

    Brutal Attack in French Quarter Caught on Camera

    [DFW] Brutal Attack in French Quarter Caught on Camera

    A man walking in the French Quarter early Saturday morning was brutally attacked from behind. Saturday morning's attack comes less than 24 hours before a similar attack where two men were hit in the head from behind. Police say they don't know if the two crimes are connected, but the incidents have business owners and tourists in the French Quarter on edge.

    (Published Tuesday, June 27, 2017)

    Investors are concerned that U.S. sales are peaking and Ford's market share is slipping.

    Ford's shares have lost more than a third of their value since Mark Fields became CEO in 2014. Electric car maker Tesla Inc. recently surpassed Ford in market value even though it sells far fewer vehicles.