US carmaker Ford announced plans to cut 7,000 jobs worldwide, shedding about 10 per cent of its salaried workforce and inflicting deep cuts in its home market as part of an $11bn overhaul.
It joins General Motors, Volkswagen and Jaguar Land Rover in unveiling sweeping job losses, as global carmakers hunker down to deal with falling sales in China and the US, rising costs from the global trade war and the need to invest in electric cars.
Ford will lose 2,300 salaried jobs in its home market of the US, where the company has so far avoided making cutbacks that could spark a political backlash in the wake of Donald Trump’s America First policies.
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