Ford Plans to Slash Global Workforce by 10 Percent: Report - NBC10 Boston

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 Plans Job Cuts: Report

    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.

    Footage Shows Mom's Pleas as Baby is Rescued From Hot Car

    [NATL] Footage Shows Mom's Emotional Pleas After Baby Rescued From Hot Car

    Police released footage of a mother who said she accidentally left her 5-month-old in a car for half an hour in a Goodyear, Arizona, parking lot when she, her sister and other daughter went into the store. Officers are heard on camera saying it was about 99 degrees outside. 

    (Published Thursday, Aug. 22, 2019)

    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.