Ford Plans to Slash Global Workforce by 10 Percent: Report - NBC Southern California
National & International News
The day’s top national and international news

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

    processing...

    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.

    Inmates Take Down Guards With a Pencil, Go on the Run

    [NATL] Oklahoma Inmates Take Down Guards With a Pencil, Go on the Run

    Officials in Major County, Oklahoma, are searching for two inmates on the run from Fairview after they escaped from a private van transporting them early Tuesday. Officials say the two inmates were able to take down their guards with just a pencil. 

    (Published Wednesday, Aug. 23, 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.