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Ford announces 7,000 job cuts


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US car giant Ford has announced it will cut 7,000 jobs globally by the end of August in an effort to save costs.

The plan will reduce Ford’s workforce by 10% and will be made through both voluntary and forced redundancies, according to the firm.

Ford said the plan, which includes 2,300 cuts in the US, will save the company $600m (£471m) a year.

It is the second major US carmaker to announce redundancies, following GM which is shedding 14,000 posts.



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