Ford Cutting 7,000 Salaried Jobs in Restructuring

The CEO of Ford, Jim Hackett, announced a major restructuring plan aimed at stabilizing the company globally. This plan includes significant job cuts, reducing the workforce by 7,000 globally, and is part of a long-term strategy to focus on profitability over market share. The restructuring affects regions like North America, China, Europe, and South America, with factory closures in Brazil and Europe. The company aims to save $600 million through these changes.

What was the main goal of Ford's restructuring plan announced by CEO Jim Hackett?

• To expand into new markets

• To stabilize global operations

• To launch new products

• To increase the number of employees

How many jobs does Ford plan to cut globally as part of its restructuring?

• 7,000

• 15,000

• 10,000

• 5,000

What is Ford's primary focus in its restructuring efforts?

• Increasing market share

• Expanding product lines

• Improving profitability

• Enhancing customer service

Which regions are specifically mentioned as being affected by Ford's job cuts?

• North America, China, Europe, and South America

• Asia and Australia

• North America and Africa

• Middle East and Europe

What is the estimated savings Ford aims to achieve through its restructuring?

• $800 million

• $700 million

• $600 million

• $500 million