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| Ford announces 7,000 job cuts | 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. | 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. | 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. | 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. | It is the second major US carmaker to announce redundancies, following GM which is shedding 14,000 posts. |
| Ford is already making cuts in Europe as part of a shake-up first revealed at the beginning of the year. | |
| In March, Ford said it would axe 5,000 jobs in Germany, including hourly, salaried and temporary staff. | |
| But it is not yet clear if and how the plans will affect workers in the UK, where Ford employs about 12,000 people. | |
| On Monday, Ford's chief executive Jim Hackett said: "The total number of positions impacted in the UK is still to be determined." |