Ford Motor Co. plans to slash its salaried workforce up to 12% as escalating commodity costs and rising gasoline prices have undermined the auto maker’s turnaround effort. Various media reports say Jim Farley, group vice president-marketing and communications, today delivered the news to senior employees during one of the auto maker’s “town hall” meetings at its Dearborn, MI, headquarters. Ford spokeswoman Marcey Evans declines to reveal details of the meeting, but does say that various ...

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