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Ford’s chief financial officer, Bob Shanks, said in an interview with NBC News that the American automaker, as part of a strategic plan to improve the company's operations, intends to make the staff more compact by reducing the number of jobs. Ford’s $25.5 billion reorganization plan calls for a reduction in the company's staff. According to him, Ford employees will be offered more powers to make decisions. The company did not report the estimated number of laid-off workers. According to estimates by Morgan Stanley, the reduction will affect 24,000 of the 202,000 employees worldwide, which is 12% of the entire workforce.
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
Levi Strauss & Co (LEVI.N) expects that its business would lose footing in the second half of the year. The company deemed it possible even as its sales were seen recovering at its reopened stores, following virus-related lockdowns imposed ...
U.S. stock index futures rose on Thursday, ahead of the much-awaited jobs report that could signal further evidence of an economic rebound in June. However, gains remained limited by the record surge in daily COVID-19 cases. Dow e-minis gained ...
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