Wake Up Wall Street: Ford Set to Shrink Workforce

Ford plans to shrink its workforce in North America and Asia by 10%.

Author:: TheStreet Staff
Publish date:: May 16, 2017 5:55 AM EDT

This is what you need to know before the bell:

Ford plans to shrink its workforce in North America & Asia by 10%. The plan is designed to boost Ford's profits & sliding stock price

U.S. railroad lobby warns Chinese freight rail car imports could cost 65,000 jobs in the U.S. There is concern Chinese companies will sell freight cars below the market price

Japanese PM Abe says he hopes the U.S. will rejoin the TPP trade deal. Abe said Japan will continue to promote TPP among the remaining members

Activist investor Elliott Management pushes for strategic changes at BHP . Elliott Management called for an independent review of the mining company's petroleum business

Disney CEO reveals hackers have stolen a Disney movie. The hackers are demanding a ransom but the company is refusing to pay up

This article was written by a staff member of TheStreet.