Detailed text transcripts for TV channel - FOXNEWS - 20190520:18:10:00
Is this a surprise or in line with expectations? >> everybody was bracing for this so it didn't come as a shock to the market. what's new though is that $600 million per year will be saved as a result of this so investors are certainly focusing on that. remember also, these are white collar workers. this will cut the bureaucracy, flatten the management structure and help them cut costs overall. the first round will come tomorrow which includes 500 salaried workers here in the united states. the layoffs are going to be complete by the end of august. so what ford is trying to do right now is say...