Ford Motor to slash workforce by about 10 percent

Ford Motor is set to cut about 10 percent of its global employee headcount in an effort to boost profit and its sliding stock price.

The job cuts, expected to be revealed as early as this week, would largely target salaried employees, said on Monday.

The automaker is targeting $3 billion in cost cuts for 2017 in a bid to improve profitability in 2018, the journal said.

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