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Ford planning to lay off 20,000 workers in North America, Asia

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Ford planning to lay off 20,000 workers in North America, Asia by Anna Giaritelli.

Ford Motor Company is expected to announce later this week plans to gut 10 percent of its 200,000-person salaried workforce in North American and Asia, according to multiple reports late Monday.

The layoffs will go into effect by Oct. 1 and employees will receive early retirement incentives.

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