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Ford Motor Co. plans to cut around 10% of its global workforce as part of its cost reduction strategy to boost profits and address its sliding stock price. The job cuts primarily target salaried employees, aiming to achieve $3 billion in cost reductions for the year. Ford's focus on improving profitability comes amid a plateau in U.S. auto sales and increased competition from companies like Tesla and General Motors.
Sunday, 14 May, 2017