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Economy

Howes: Ford may shed 10% of jobs. Here's what that means for Michigan.

Ford Motor Company's headquarters in Dearborn.
Ford Motor Company
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Mulitple reports indicate that Ford may cut salaried workers in North America and Asia.

Ford has reportedly come up with an answer to its lackluster stock performance: shed jobs.

The Wall Street Journal reports that Ford is getting ready to cut about 10% of its workforce to help boost its stock price.

Reuters further reported that those jobs will come from salaried workers in North America and Asia, not hourly workers.

Meanwhile, Ford has not confirmed it is cutting jobs. According to CNBC, the company said in a statement: “We have not announced any new people efficiency actions, nor do we comment on speculation."

Detroit News business columnist Daniel Howes joined Stateside to discuss the story.

(Subscribe to the Stateside podcast on iTunes, Google Play, or with this RSS link)

 

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