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Analysts at Morgan Stanley believe that the implementation of the planned restructuring of Ford Motor will lead to a significantly larger number of laid-off employees than in General Motors, MarketWatch writes. Ford intends to make its staff more compact and offer employees more decision-making authority, which, according to Morgan Stanley, could result in the dismissal of tens of thousands of employees around the world. General Motors previously announced its intention to close 7 factories, dismissing 14,000 employees and spending $2 billion on these goals. Comparing these data with the planned expenses of Ford, analysts at Morgan Stanley calculated that Ford could close 20 factories, reducing its staff to 50 thousand workers.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
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 ...
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