Ford Announce Plans For Massive Job Cuts — Will Trump Intervene?

Written By:

Ford has announced plans to cut 10 percent of its salaried workforce in North America and Asia as it looks to boost profits and its sliding stock price.

Ford Announce Plans For Massive Job Cuts

According to Reuters, Ford plans to offer generous early retirement packages to workers it wants to let off as it looks to reduce its salaried workforce by the start of the final quarter of 2017.

Ford Announce Plans For Massive Job Cuts

Ford's plans to let go off of 10 percent of its salaried workforce is part of a previously announced plan to slash costs by $3 billion as US sales show signs of a slowdown after 7 years of continuous growth following the Great Recession at the end of the first decade of the 21st century.

Ford Announce Plans For Massive Job Cuts

Ford's plans to cut 10 percent of its salaried workforce in North America could put the American automotive giant in direct opposition to President Trump's attempts to bring more jobs to Detroit's auto factories.

Ford Announce Plans For Massive Job Cuts

Ford currently employs 30,000 salaried workers in The United States, who are a part of over 200,000 salaried workers worldwide.

Read more on: #ford
Story first published: Wednesday, May 17, 2017, 22:20 [IST]
Please Wait while comments are loading...

Latest Photos