, Columnist
With Job Cuts, It's Ford First
America First mantras can't compete with the realities of slackening demand and pricey technology investments.
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Ford Motor Co.'s shrinking workforce shows investors, not politicians, ultimately rule job decisions.
The automaker is reportedly planning to cut about 10 percent of its global salaried workforce. Per Bloomberg News, North America and Asia will bear the brunt of the reductions. The cuts appear to be part of Ford's plan to eliminate $3 billion in costs to help offset the profit pressures of its heavy investment in electric and self-driving cars as well as tempered car demand in the U.S. The stock traded up as much as 1.2 percent and was flat as of mid-morning in New York.