Ford Plans to Slash Global Workforce by 10 Percent: Report | NBC 7 San Diego
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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 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.

    Man's Moving Technique Gains Him Attention on Social Media

    [NATL] Man's Moving Technique Gains Him Attention on Social Media

    Photos of a Lexington, North Carolina, man hauling his curbside treasure from one side of town to another are getting attention on social media.

    Whittney Biggerstaff was caught on camera picking up a sofa from the side of the road yesterday and balancing it on his bike -- all the way from an area near Lexington BBQ to his home on Hartman Street, about two miles away.

    (Published 5 hours ago)

    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.