Ford to cut 7 000 jobs, 10% of global staff

The Ford logo is seen during the 2017 North American International Auto Show in Detroit, Michigan.NEW YORK - Ford plans to cut 7,000 jobs, or 10% of its global workforce, as part of a reorganization as it revamps its vehicle offerings, the company said on Monday.

The reorganization will involve some layoffs and reassignments and should be complete by the end of August, a Ford spokeswoman said. Ford has been phasing out most sedan models in the United States as more consumers have opted for pickup trucks and sport utility vehicles.The move, which began last year, will lead to 800 layoffs in North America in total, including about 500 this week, said Ford spokeswoman Marisa Bradley.

"We understand this is a challenging time for our team, but these steps are necessary to position Ford for success today and yet preparing to thrive in the future." Ford had signalled it expected significant job cuts in April 2018 when it announced a plan to phase out several small models in North America. At the same time, the company is ramping up investment in electric cars and autonomous driving technology.Shares of Ford dipped 0,4 % to $10,25 in early trading.

damn 💔💔

Don't go any further.....

Yoh!

Eishhhhh, May you use age please. Remain the youth, much as I hate to hear people losing their jobs

Oh man. This is heartbreaking. More unemployed people and families who will go hungry 😭💔

ai Ford se yi sungurile

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lamar Odom: ‘I’ve had sex with more than 2 000 women’Lamar Odom opens up about his crippling sex and drug addiction.
Source: Channel24 - 🏆 48. / 51 Read more »

Northern Cape police bust man with drugs worth R100,000Police responded to a tip-off and caught a 51-year-old man in possession of 1,442 mandrax tablets, tik and about R3,000 cash. Jesus! Keep us updated on this case until sentencing
Source: ewnupdates - 🏆 30. / 53 Read more »

Newsdeck: Two ex-SARS officials sentenced to 3 years in jail for R200 000 bribeTwo former customs auditors at the SA Revenue Service in Durban have been sentenced to three years direct imprisonment for corruption after they were caught red-handed with a cash bribe during a police operation last year.
Source: dailymaverick - 🏆 3. / 84 Read more »

WATCH | Chaos after eThekwini mayor granted R50,000 bail for graft chargesA commotion broke out at the Durban Commercial Crimes court when supporters of embattled mayor Zandile Gumede and some policemen blocked media from taking pictures. Fallguy politicians being tested for reaction of public by anc ... I voted ANC and I personally endorse not suspending our cadres. People who criticise this just don't know how stressful is can be if you have small skeletons in the cupboard, and you don't get this type of support Proud to see that ANC Ubunthu is alive and well. myvotecounts I voted ANC & I want her to step aside because her powers to function in her position have been severely limited by a court of things stand now she will only be getting paid for doing nothing.She must resign ASAP
Source: SowetanLIVE - 🏆 13. / 63 Read more »

WATCH | Chaos after eThekwini mayor granted R50,000 bail for graft chargesA commotion broke out at the Durban Commercial Crimes court when supporters of embattled mayor Zandile Gumede and some policemen blocked media from taking pictures. Ay aksathembeke muntu manj What chaos? From where? Nx you don't know how to report a story wena maan fuseg you're useless!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Manuel, EFF expected back in court in R500 000 defamation caseManuel approached the court in mid-April after the EFF refused to retract a statement accusing him of nepotism in the process that led to the appointment of Edward Kieswetter as the new commissioner of the SA Revenue Service. Fin24 Ufunani lomlungu ku EFF?
Source: News24 - 🏆 4. / 80 Read more »

Two ex-SARS officials sentenced to 3 years in jail for R200 000 bribeThe revenue collection agency's new Commissioner, Edward Kieswetter, welcomed the sentence, saying SARS has 'zero tolerance for dishonesty and unlawfulness'.
Source: News24 - 🏆 4. / 80 Read more »

eThekwini mayor Zandile Gumede granted R50 000 bailAs eThekwini mayor Zandile Gumede and her co-accused left the regional commercial crimes court in Durban on Tuesday morning, a group of supporters created a human shield of sorts as journalists and photographers tried to capture the moment. She must now be suspended without pay until the matter has been resolved by the courts, if she is found not guilty then she can be paid the amount if guilty she gets nothing only a jail sentence All ANC corrupt high profile members are not going to jail because they money and connected girl_ntusi Its surprising how these old people are so much greed , ziphatheni kak'hle bantu abadala
Source: City_Press - 🏆 7. / 72 Read more »

KZN Sars auditors jailed after being caught with R200,000 cash bribeTwo former SA Revenue Service (Sars) customs auditors will spend three years in jail for attempting to solicit a bribe from a prominent KwaZulu-Natal businessman 'to make his tax problems disappear'. It's people like this that we dnt need in our Government
Source: SowetanLIVE - 🏆 13. / 63 Read more »

WATCH | Chaos after eThekwini mayor granted R50,000 bail for graft chargesA commotion broke out at the Durban Commercial Crimes court when supporters of embattled mayor Zandile Gumede and some policemen blocked media from taking pictures. The struggle between bail in the interest of justice or exceptional circumstances and the presumption enjoyed by all citizens that they are innocent until proven guilty continues ..... PO The corruption on the MYANC will never end.
Source: TimesLIVE - 🏆 28. / 59 Read more »

KZN Sars auditors jailed after being caught with R200,000 cash bribeTwo former SA Revenue Service (Sars) customs auditors will spend three years in jail for attempting to solicit a bribe from a prominent KwaZulu-Natal businessman 'to make his tax problems disappear'. Shit, kana these guys get paid mnaka but re tla reng Embarrassing to us, the auditors! IIASOUTHAFRICA It's bribe bcuz the money was in a Brown envolope😅😅😅😅 they shud've used white
Source: TimesLIVE - 🏆 28. / 59 Read more »