Ford tells 70,000 salaried staff they will face job cuts
Ford Motor Company has told its 70,000 salaried employees that they will face unspecified job cuts as part of the US carmaker's $11 billion restructuring. The second-largest US automaker has a global workforce of around 202,000. The 115-year-old company in July cut its profit forecast for 2018 after second-quarter profit fell by nearly half to $1.07 billion.