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

Find NBC Boston in your area

Channel 10 on most providers

Channel 60 and 8 Over the Air

    processing...

    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.

    Miami Police Body Cam Shows Arrest of Hannibal Buress

    [MI-NATL] Miami Police Body Cam Shows Arrest of Hannibal Buress

    WARNING: Video contains language that may be offensive. A police body camera video showing the arrest of popular comedian Hannibal Buress for disorderly intoxication in Miami in December 2017 was released Tuesday.

    (Published Wednesday, Jan. 17, 2018)

    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.