Stock Markets Today: Ford Job Cuts, Lagarde ECB Interest Rates … – Bloomberg

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Good morning. Ford slashes jobs in Europe, Christine Lagarde signposts “significant” rate hikes and the US Department of Justice targets Google. Here’s what people are talking about.
Ford plans to trim about 3,200 jobs across Europe following workforce reductions in the US as the automaker slashes costs in a shift toward electric vehicles. A majority of the affected positions are concentrated in Germany, and include roles in product development and administrative areas, the IG Metall union said Monday after an extraordinary works council meeting at the carmaker’s factory in Cologne. The cuts would affect roughly 65% of development jobs in Europe.

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