Ford announces job cuts as part of its workforce redesign

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Ford announces job cuts as part of its workforce redesign

Ford Motor said Monday that it is laying off about 7,000 workers, about 10% of its global workforce, as part of a restructuring plan designed to save the number 2 automaker $600 million annually. CNBC's Phil LeBeau reports the details.
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Mon, May 20 20199:36 AM EDT