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Reports of large-scale Ford job cuts meet indifference on Wall St.


By David Shepardson and Nick CareyWASHINGTON/DETROIT (Reuters) - Investors on Tuesday shrugged off media reports that Ford Motor Co will announce plans to cut thousands of white-collar workers, highlighting the challenges facing Chief Executive Mark Fields.Fields, whose nearly three years at the helm have been marked by a languishing share price, is expected to announce as early as this week Ford plans to cut about 10 percent of its salaried workforce in North America and Asia. Ford does not plan any cuts to its hourly workforce or production capacity, people familiar with the company's plan ...

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First Published: Wed, May 17 2017. 01:06 IST