Ford president and CEO Jim Hackett (L) and executive chairman Bill Ford. The job cuts announced Monday are designed to shrink Ford’s management structure by 20 per cent. Reuters
Ford president and CEO Jim Hackett (L) and executive chairman Bill Ford. The job cuts announced Monday are designed to shrink Ford’s management structure by 20 per cent. Reuters

Economy

Ford to cut 10% of global workforce as disruption shakes up auto industry

Job cuts are far less than the 25,000 predicted by a Morgan Stanley analyst last year

Bloomberg

May 20, 2019

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