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Showing posts with label
Ford to lay off workers due to Trump tariffs.
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Showing posts with label
Ford to lay off workers due to Trump tariffs.
Show all posts
How are those Trump tariffs workin' out for ya?
Ford Motor Company is reportedly preparing to initiate major layoffs after suffering a blow to profits of at least $1 billion due to tariffs enacted by President Donald Trump.
The nation’s largest automaker hasn’t yet revealed how many workers will be affected. But a report by Morgan Stanley estimated that as many as 12 percent of the company’s 202,000 workers worldwide could be cut, NBC reported.
Layoffs will center on Ford’s 70,000-strong white-collar workforce as part of what the company is calling a “redesign” of its staff in an ongoing $22.5 billion reorganization, according to NBC. (our emphasis)
So much winning!
