Ford of Europe revamps development, eyes staffing

Newswire

DUESSELDORF, Germany, June 22 (Reuters) - Ford Motor Co will reorganise its product development in Europe to help cut costs, but no jobs will be shed as a result, the number-two U.S. carmaker said on Wednesday. The move has been months in the making, a spokesman said, adding it was unrelated to Ford's announcement on Tuesday that it was "evaluating options for reducing personnel-related costs outside of North America" to complement domestic savings. Slumping North American sales of ...

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