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Ford Will Cut 1,400 White-Collar Jobs In North America, Asia

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Ford Motor Co said on Wednesday that it plans to cut 14 hundred salaried jobs in North America and Asia, through voluntary early retirement and other financial incentives. The Number two U.S. automaker is looking to boost its sagging stock price. The buyout offers were a fraction of the 20 thousand job cuts some news outlets had reported Ford could announce this week. About two-thirds of the buyout offers are in North America, while the rest will be in Asia. Ford does not plan to cut hourly workers or production.

Added on the 17/05/2017 12:53:02 - Copyright : Wochit

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