11. The Ford Motor Co. has been in the news lately over safety problems, declining sales and job cutbacks because of the weak economy. 12. The move will offset previously announced job cutbacks, which means no net staff reductions in Sunnyvale. 13. The trading unit was untouched by the previous job cutbacks. 14. To skeptics, the re-engineering initiatives amounted to slash-and-burn job cutbacks under a fancy name. 15. Yet job cutbacks get headlines, and everybody complains of wage stagnation. 16. A company statement said the job cutbacks would be mainly through normal attrition and turnover with a minimum of layoffs. 17. Economists attributed part of the severity in the job cutbacks to the severe profit squeeze currently facing many corporations, predicting further layoffs in the months to come. 18. Thousands of striking defense workers marched against job cutbacks in troubled state-owned companies Tuesday, while national unions plotted further action against government austerity measures. |