Ford Stock Struggles After US Auto Giant Reveals Aggressive Downsizing Plan

By CCN: Ford is in the throes of an $11 billion restructuring, which will cost 7,000 white-collar workers their jobs this year. The US auto giant believes the “smart redesign” will save billions, but the Dearborn-based company’s stock continues to struggle. Ford’s ‘Smart Redesign’ Will Save Billions Reportedly, the company is vastly downsizing its managerial workforce. Of the company’s more than 190,000 employees, roughly 70,000 serve in salaried positio