Unfazed by Recession Fears, Ford Still Eyes 7,000 Hires
Despite a growing risk of a double-dip recession and heavy turbulence in the financial markets, Ford (F: 10.14, +0.21, +2.11%) said Thursday the iconic auto maker still plans to boost its U.S. payrolls by 7,000 workers.
While lacking details, the reaffirmation comes at a time when many U.S. companies are holding steady or even slashing their workforces, especially in the financial services sector.
Speaking to reporters in Bangkok, Ford CEO Alan Mulally reaffirmed the company's pledge to hire 7,000 people over the next two years in the U.S.
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