Ford employed about 201,000 workers as of the end of last year, including about 101,000 in North America, according to a regulatory filing. Photo: BloombergSouthfield (Michigan): Ford Motor Co. plans to cut about 10% of staff worldwide as chief executive officer Mark Fields faces escalating pressure to boost profit and a lagging stock price, the Wall Street Journal reported. “We have not announced any new people efficiency actions, nor do we comment on speculation,” Ford said in an emailed statement. Fields has said Ford will cut costs by about $3 billion this year and that earnings will rebound in 2018. Ford employed about 201,000 workers as of the end of last year, including about 101,000 in North America, according to a regulatory filing.

Source: Mint May 16, 2017 05:15 UTC