Ford Motor Company To Layoff 7,000 White-Collar Workers

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Ford Motor Company is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year. Ford says workers will begin to be notified of cuts starting Tuesday, and the terminations will be completed by the end of August. 

 


 

About the Reporter/Interviewer

Mike Manwell is the founder of RethinkingTheDollar.com, an alternative media news website focused on improving the monetary education for millennials. Mike is committed to helping others understand the importance of precious metals as a hedge against the inflationary threat of fiat currencies.

Mike’s reports and interviews can be seen on the Silver Doctors YouTube Channel. Mike’s Twitter is @Rethinkindollar.