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Ford to Cut 10% of Salaried Workforce in Asia, North America

Ford Motor Co. outlined new steps in its global cost-cutting efforts, saying it will reduce salaried workforce in key regions by 10% amid “an accelerated attack on costs.”

The push, expected to result in 1,400 job cuts in North America and Asia by September, comes as Chief Executive Mark Fields strives to provide more clarity to investors about the auto maker’s strategy. Ford’s share price has slumped during Mr. Fields’s three-year…

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