Home > Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring


According to Reuters, Ford Motor Co. will cut 10-percent of their white-collar jobs as part of a global restructuring plan. The No. 2 automaker plans to cut about 7,000 jobs by the end of August, which will include 10-percent of it's global salaried workforce. The restructuring is estimated to save Ford about $600 million annually. Ford Chief Executive Officer Jim Hackett said the staffing cuts will include voluntary buyouts and layoffs, while open positions will be frozen.

Added on the 20/05/2019 13:15:27 - Copyright : Wochit

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