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Ford To Layoff 20,000 Workers after profits DROP 35% in 2017

May 16th, 2017
Categories: Past News

Link: http://www.thomasdishaw.com/ford-layoff-20000-workers-profits-drop-35-2017/

Ford Motor Company is expected to announce later this week plans to gut 10 percent of its 200,000-person salaried workforce in North American and Asia. The layoffs will go into effect by Oct. 1 and employees will receive early retirement incentives. Hourly workers and those on the production line will not be effected. Ford recently announced plans to cut $3 billion in costs

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