Ford CEO Jim Farley has hit out at 'absenteeism' after his company returned shocking annual earnings - as he warned the iconic automaker will be forced to make urgent cuts to turn itself around.
The motor company fell well short of the mark as its fourth-quarter returns rolled in on Thursday, where it missed its target earnings for the year by up to $2 billion.
Following the dismal returns, Farley listed off a number of factors that have led to the decline, where he lay the blame at a lack of efficiency and a rise in 'absenteeism'.
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