Ford to cut about 10% of global workforce: WSJ

Michigan

FORD Motor Co plans to cut about 10 per cent of staff worldwide as chief executive officer Mark Fields faces escalating pressure to boost profit and a lagging stock price, the Wall Street Journal(WSJ) reported.

The job cuts are expected to be outlined as early as this week and mostly target salaried employees, the newspaper said, citing unidentified people briefed on the plan. It is unclear if hourly factory workers are included, WSJ said.