Ford is drawing up drastic plans to slash costs by scrapping its Mondeo range of mid-market family cars and cutting up to 24,000 workers. Thousands of staff who work for the car maker are at risk of redundancy while the famous ‘Mondeo Man’ which embodied an aspiring political class of voters under former Labour leader Tony Blair could be on his way out. The Detroit car maker could slash up to 12pc of its global workforce in “deep and fundamental” plans being formulated in its headquarters in Dearborn, Michigan. Many of the cuts are feared to come from the company’s …read more
Source:: Yahoo Finance
