Ford’s salaried job cuts are aimed at improving the automaker’s efficiency and are not related to rising costs from the coronavirus pandemic, Bloomberg reported. An announcement could come as early as this week, people familiar with the matter said.
Red Lobster stakeholder Thai Union and a group of investors have acquired the rest of the Orlando-based restaurant chain from the private equity firm that bought it in 2014.
A spokesman declined to disclose the number of jobs being axed but noted the cuts do not affect the automaker’s assembly plant in Spartanburg, S.C.
The automaker, which had been producing the devices in conjunction with General Electric, shipped its final unit on Friday to help fight the coronavirus pandemic.
Orange County will stop all work on a $600 million convention center expansion — a project that records show was already threatening to balloon far over budget even as tax collections collapse amid the COVID-19 pandemic.