Ford to lay off workers amid $11 billion reorganization

Ford Motor Co. plans to trim its workforce amid an $11 billion global reorganization effort that comes as President Trump’s tariffs squeeze the automotive industry.

Profits at the Dearborn, Mich.-based company fell 48 percent in the three months through June as sales slowed in China, whose government has retaliated for Trump’s imposition of duties on $250 billion of its shipments to the U.S. After announcing the restructuring effort earlier this year with few details, a Ford spokeswoman on Friday said the automaker is “in the early stages of reorganizing our global salaried workforce.”