{"id":13259,"date":"2017-05-16T16:01:56","date_gmt":"2017-05-16T15:01:56","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=13259"},"modified":"2017-05-16T16:01:56","modified_gmt":"2017-05-16T15:01:56","slug":"ford-to-sack-20000-salaried-workers","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ford-to-sack-20000-salaried-workers\/","title":{"rendered":"Ford to sack 20,000 salaried workers"},"content":{"rendered":"

US auto giant Ford is poised to cut thousands of jobs worldwide, with reductions expected to total about 10 percent of its global workforce, the Wall Street Journal reported late Monday.<\/p>\n

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.<\/p>\n

America\u2019s second largest carmaker, Ford currently employs some 202,000 workers worldwide.<\/p>\n

The announcement comes as the company grapples with slowing sales after several years of growth.<\/p>\n

April saw the automaker sell 214,695 vehicles, some 7.2 percent fewer than the same time one year earlier.<\/p>

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Ford spokesman Mike Moran said the company\u2019s immediate goals \u201cinclude fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities.\u201d<\/p>\n

To that end, Ford will make efforts at \u201creducing costs and becoming as lean and efficient as possible,\u201d said Moran, who offered no comment on rumours of major staffing reductions.<\/p>\n

\u201cWe have not announced any new people efficiency actions, nor do we comment on speculation,\u201d he said.<\/p>\n

AFP<\/p>\n","protected":false},"excerpt":{"rendered":"

US auto giant Ford is poised to cut thousands of jobs worldwide, with reductions expected to total about 10 percent of its global workforce, the Wall Street Journal reported late Monday. 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. …<\/p>\n","protected":false},"author":11,"featured_media":13260,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1879],"coauthors":[2392,2393],"class_list":["post-13259","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-ford"],"yoast_head":"\nFord to sack 20,000 salaried workers - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ford-to-sack-20000-salaried-workers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ford to sack 20,000 salaried workers - National Wire\" \/>\n<meta property=\"og:description\" content=\"US auto giant Ford is poised to cut thousands of jobs worldwide, with reductions expected to total about 10 percent of its global workforce, the Wall Street Journal reported late Monday. 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