Business News

Ford to cut 7,000 jobs globally by August

Car giant Ford is cutting about 7,000 jobs by the end of August, about a tenth of its global workforce. The car maker will reduce its US workforce by 2,300 as it seeks to save $600m (£470m) per year. Most of the jobs to go are management roles,...

Fashion chain Select falls into administration

Fashion chain Select has fallen into administration, putting 1,800 jobs at risk at the 169-store business. The firm, which targets women aged 18-35, has been struggling despite having struck a deal in April last year that cut rents at its stores....

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