--
 
What car matches your salary?

Have a look at which cars you can buy with your current monthly salary.

5 celebrities and the cars they endorsed

Let’s take a look at some local and international celebrities and the vehicle brands that they have aligned themselves with.

Ford to cut 10% of global workforce: report

2017-05-16 13:27

JOBS AT RISK: As many as 20 000 salaried Ford employees could be at risk of losing their jobs according to a report by the Wall Street Journal. Image: AFP / Mandel Ngan

New York - US auto giant Ford is poised to cut thousands of jobs worldwide, with reductions expected to total about 10% of its global workforce, the Wall Street Journal reported late Monday (May 15).

A source confirmed to AFP that massive job cuts are planned at Ford in the coming days, affecting as many as 20 000 salaried workers.

Over 200 000 peopled employed worldwide

America's second largest carmaker, Ford currently employs some 202 000 workers worldwide.

The announcement comes as the company grapples with slowing sales after several years of growth.

April saw the automaker sell 214 695 vehicles, some 7.2% fewer than the same time in 2016.

Ford spokesman Mike Moran said the company's immediate goals "include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities."

To that end, Ford will make efforts at "reducing costs and becoming as lean and efficient as possible," said Moran, who offered no comment on rumors of major staffing reductions.

He said: "We have not announced any new people efficiency actions, nor do we comment on speculation."

NEXT ON WHEELS24X
Read more on:    ford  |  new york  |  industry news

Inside Wheels24

There are new stories on the homepage. Click here to see them.