Ford’s chief financial officer, Bob Shanks, said in an interview with NBC News that the American automaker, as part of a strategic plan to improve the company's operations, intends to make the staff more compact by reducing the number of jobs. Ford’s $25.5 billion reorganization plan calls for a reduction in the company's staff. According to him, Ford employees will be offered more powers to make decisions. The company did not report the estimated number of laid-off workers. According to estimates by Morgan Stanley, the reduction will affect 24,000 of the 202,000 employees worldwide, which is 12% of the entire workforce.
Dollar peaks on strong US jobs stats and global virus concerns11.02.2020
Ford changes management amid earnings struggle, appoints new COO23.01.2020
Ford estimates a $2.2 billion pre-tax hit in fourth quarter due to pension plans09.01.2020
Tesla's market cap outvalues GM and Ford combined