Ford to cut 7,000 jobs including more than 500 in UK

US carmaker announces plans to reduce global workforce by 10% by the end of August

Ford is to cut at least 7,000 jobs, including about 550 in the UK, as it presses ahead with plans to reduce costs in Europe and the US.

The US carmaker said it planned to cut 10% of its global workforce by the end of August, after announcing plans to shrink its European operations this year.

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