May 17, 2017

Ford looks to cut 1,400 jobs

Car giant Ford will offer voluntary retirement and other financial incentives to some 15,000 workers in a bid to cut 1,400 jobs in North America and Asia. Ford chief executive Mark Fields told analysts last month the company would maintain an "Intense focus on cost" to prepare the firm "For a downturn scenario." Ford said on Wednesday the newest round of cuts are not aimed at hourly or production workers and will not affect Europe or South America. Ford has cut 3,000 jobs in South America since 2013. Job cuts, including at Ford, have been political footballs, with US President Donald Trump claiming credit for the firm's cancellation of a plant in Mexico.

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