Ford weighing deeper job cuts in North America


DETROIT, July 22 (Reuters) - Ford Motor Co. , whose North American automotive operations lost $1.21 billion in the second quarter, said on Friday it is not ruling out deeper job cuts in its salaried work force to help return to sustained profits. The No. 2 automaker, which has already announced plans to cut its North American white-collar work force by 8 percent this year, has seen profit margins squeezed by intense competition in the U.S. vehicle market and soaring costs of everything ...

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