Ford planning major job cuts - WSJ

|About: Ford Motor Company (F)|By:, SA News Editor

The job cuts could be outlined as early as this week, will mostly target salaried employees, and aim to slash the global workforce (currently 200K) by about 10%, reports Christina Rogers.

Ford (NYSE:F) CEO Mark Fields is feeling some heat to improve profitability amid plateauing U.S. auto sales, not to mention turn around a stock price which has mostly moved downward since he took over three years ago.