Print Edition - 2018-10-07  |  Money Digest

Ford to slash global workforce


Oct 7, 2018-

US automaker Ford—which announced a major restructuring in July—unveiled plans on Friday to reduce its workforce worldwide, without specifying the extent of the plan. “We are in the early stages of reorganising our global salaried workforce to support the company’s strategic objectives, create a more dynamic and empowering work environment, and become more fit as a business,” Ford said late Friday. “The reorganisation will result in headcount reduction over time and this will vary based on team and location. We will announce more specifics at the appropriate time.” On July 25, Ford announced that a revamping of the company’s operations could result in one-time charges of $11 billion over the next three to five years. (AFP)

Published: 07-10-2018 08:12

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