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General Motors has already announced plant closings and big job cuts. Ford could be next.Ford (F) said this summer that it was planning to radically reshape its business, and could close or scale back unprofitable operations in some regions. It said it would spend up to billion on the transformation.The company has revealed little detail about its plans. Adam Jonas, the auto analyst at Morgan Stanley, said he believes Ford is preparing to slash 25,000 jobs worldwide. He expects that most of the cuts will be in Europe, where Ford has long struggled, but he said North American plants and workers won't be spared.Like GM, Ford is reinventing itself to compete in an industry undergoing radical change. Both GM (GM) and Ford have said they need to cut costs to invest in the next generation of vehicles, such as self-driving and electric cars."There are bigger forces at work driving global [automakers] to rethink the fundamental idea of supporting increasingly obsolete segments, propulsion systems, and geographic regions," he wrote in a research note.Ford issued a statement on Tuesday saying the "actions will come largely outside of North America.""This includes the targeted and thoughtful approach we are taking to the redesign of our global salaried workforce," Ford said. "All of this work is ongoing and publishing a job-reduction figure at this point would be pure speculation."Ford's sales in the United States are down about 3% this year. It has announced plans to stop selling traditional sedans in North America other than its iconic Mustang, given the shift in customer preference towards SUVs and pickups.The company said last week that it would cut some shifts and 1,150 hourly jobs at two plants, one in Kentucky, one in Michigan. But it also announced it was adding 1,000 jobs at two other nearby plants, and said that all hourly workers whose current jobs were being eliminated would be offered jobs at another Ford plant.Ford had 202,000 workers worldwide at the end of last year, with about half of those in North America and 54,000 in Europe.GM announced plans last week to close a number of plants worldwide including four in the United States and one in Canada. It will also cut about 8,000 white collar jobs. Taken together, those moves are expected to slash 14,000 jobs in North America.While GM said it will offer many of its laid-off hourly workers new jobs at different plants, critics including President Donald Trump have taken the company to task for cutting jobs at a time of strong profitability. 2548
Hostess issued a voluntary recall of its Cookies ‘n Crème Brownies on Aug. 3 due to a labeling error.The “contains” statement on the brownies does not list “egg” as an allergen. Although the ingredient list on the packaging includes “egg”, the “contains” statement, which is intended to alert consumers of allergens in the products, does not include “egg”. Hostess said in a press release it was recalling the product out of "an abundance of caution."The following products are affected by the recall:No reports of injury or illness have been reported."Only those consumers who have an allergy or severe sensitivity to egg are potentially at risk of an allergic reaction if they consume these products," the press release said. "Anyone who has purchased an affected product and who has a sensitivity or allergy to eggs is encouraged to discard the affected product or return it to the place of purchase for a full refund." 955
FULLERTON, Calif. (AP) -- Authorities say a thief took a break during his burglary of a Southern California pizzeria to make himself a pizza pie before fleeing with the restaurant's delivery car.Police say Oscar Sanchez broke into Big Slice Pizza in Fullerton, Calif., on Nov. 8. He was arrested on Wednesday and police posted security video of the pizza-making on Facebook on Friday.Officials say Sanchez allegedly also stole the pizzeria's cash and tablets.Security footage shows him stretching dough at the restaurant's counter.It was not immediately clear if he had an attorney who could speak on his behalf. 620
GRAND RAPIDS, Mich. - A young woman finally has her class ring back nearly 20 years after losing it. It was found in West Michigan, but she's not even from Michigan."I've been doing this for 10 years, and in those 10 years I found over 115 rings," said Gregg Larabel, who found the ring.You could say Larabel always had a knack for finding things."My dad got us started in 1972 with a little bounty hunter, and I've been metal detecting ever since," Larabel explained. "Then, I come across this Ring Finders site and joined it, and here I am."The Ring Finders is an international organization that prides itself on recovering millions of dollars in lost jewelry. But most importantly, they make sure these priceless items get back to their owners."I've had a couple of ,000 rings. We're still looking for a ,000 ring in Bloomfield Hills in a duck pond," he said.It doesn't matter where or how long ago it was lost, you give the Ring Finders an idea of where your jewelry might be and they'll get to work.That brings us to his latest find on the shores of Beechpoint Christian Camp in Allegan county. While searching for one ring, Larabel and diver Aaron Westrick of Superior Dive Service came across another ring."I found a class ring from 2001. I looked at the inscription on it. It was DeVonia Foster and from Lourdes Lyons High School," Larabel explained.That's Lourdes Lyons High School in Chicago. So, how did the ring end up in West Michigan 20 years later? We caught up with DeVonia Foster."It's funny because I'm a part of the scholarship program at my old Catholic school, and we used to do these camps every year," Foster explained. "We went off to Michigan and Wisconsin and things like that. So, I believe just out there on a camping experience, I lost it."Foster was a former multi-sport athlete who graduated in 2001. "I have the basketball on one side [of the ring], and then I have two track wings on the other," she said. "It was a treat. I'm from a single-parent home, so it was a sacrifice to even get a ring that expensive."Regarding losing the ring, Foster laughed, remembering "it was kind of a bummer, because it's like, 'Oh, I see why [ my mom] didn't buy me nothing expensive.'"Larabel contacted Foster through Facebook and drove three hours to Chicago to personally drop it off."It's funny that Gregg just reached out, and he just lost his wife," Foster mused. "So it just makes me feel like he's a great person to even care about other people when he's going through such a traumatic loss his own self."This story was first reported by Nicole DiDonato at WXMI in Grand Rapids, Michigan. 2627
Grilled cheese, tacos, hot dogs and more will likely be served by food trucks at the Royal Wedding this Saturday.Millennials Meghan Markle and Prince Harry have planned a huge celebration for their nuptials in England, and American comfort foods are rumored to be on the menu. There will likely also be late-night snacks available after the day-long celebratory events. 387