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.
America's second largest carmaker, Ford currently employs roughly 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 one year earlier.
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 rumours of major staffing reductions.
"We have not announced any new people efficiency actions, nor do we comment on speculation," he said.
Source: AFP
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
