While it’s been a brutal week for markets in general, Ford has suffered a particular hit. The number two automaker’s shares dropped below $9 this week, hitting a six-year low. Shares are down 29 percent so far in 2018. Sales have been lagging in recent years, and investors are looking for some “comfort,” according to analysts. It may come in the form of layoffs.
This week, Ford warned employees that a planned reorganization will cut salaried jobs.
To read the full article, visit Cantin Automotive Insider.