Ford says it's going to lay off 7,000 people worldwide

Credit: FOX 47 News Michigan
Published on May 21, 2019 - Duration: 00:31s

Ford says it's going to lay off 7,000 people worldwide

A bipartisan plan just introduced on capitol hill is aimed at curbing the use of tobacco products and e-cigarettes among teens.

New bill would raise the age to purchase tobacco products.

Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year.

Advertisement

Ford says it's going to lay off 7,000 people worldwide

HAPPENING TODAY -- THE FINALROUND OF JOB CUTS FROM FORD ISSET TO BEGIN.IN DEARBORN, ABOUT 5-HUNDREDEMPLOYEES ARE EXPECTED TO BE LETGO.ALREADY THIS YEAR, THE AUTOMAKERHAS CUT 2-HUNDRED SALARY JOBS INTHE U-S.

IT'S PART OF A MASSIVERESTRUCTURING PLAN TO SAVE THECOMPANY ABOUT 6-HUNDRED-MILLION-DOLLARS PER YEAR.FORD'S C-E-O ANNOUNCED THE WAVEOF CUTS YESTERDAY.THE AUTOMAKER IS EXPECTED TO CUTAROUND 7-THOUSAND SALARIEDPOSITIONSWORLD-WIDE BY AUGUST.

You are here

Recent related videos from verified sources

Local mall taking steps to attract more shoppers 02:24
Credit: WPTV News | West Palm Beach - Published 1 week ago 

Wall Street Rallies 00:58
Credit: Wochit Business - Published 1 week ago 

Ford Closes UK Plant Amid Brexit Chaos 00:46
Credit: Wochit - Published 2 weeks ago 

How Much Will Tesla's New Pickup Truck Cost? 00:32
Credit: Wochit Tech - Published 2 weeks ago 

Ford To Cut Thousands Of Jobs In Restructuring 00:30
Credit: CBS 4 WCCO Minnesota - Published on May 20, 2019 

Trump To Delay Auto Tariffs 00:33
Credit: Wochit News - Published on May 15, 2019 

DC's Legends of Tomorrow S04E16 Hey, World - Season Finale 00:20
Credit: Teaser-Trailer.com - Published on May 14, 2019 

China Won't Give In To Trade War 00:41
Credit: Wochit Business - Published on May 13, 2019 

You might like