Ford ‘set to shed 10% of workforce’

Source: BBC

Ford is planning to cut around 10% of its global workforce in an attempt to boost profits, according to reports.

Chief executive officer Mark Fields also wants to arrest the slide in the US car company’s share price.

The cuts, first reported in the Wall Street Journal, are part of a plan to save $3bn (£2.3bn) during 2017.

Ford refused to confirm or deny the story, but said in a statement that it was focused on its plans to “drive profitable growth”.

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