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Ford to ditch the Mondeo and scrap up to 24,000 jobs in 'aggressive' cost-cutting overhaul

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 […]

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The evidence is mounting that Apple's next big product will be a pair of computer glasses (AAPL)

Apple said earlier this week that it bought a small Colorado company that worked on lenses for augmented reality glasses. It’s pretty clear at this point that Apple is working on a pair of its own smartglasses. Of course Apple is working on new products in its $5 billion headquarters and research labs. …read more […]