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Ford Finishing Cutting 7,000 Jobs

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DETROIT -- Ford Motor Co. CEO Jim Hackett told employees Monday the automaker is entering the final stretch of job cuts it began last year and that, by September, it will have shed 7,000 salaried positions globally - roughly 10 percent of its salaried workforce - saving the company $600 million. The number includes voluntary buyouts, involuntary separations and open positions Ford chose not to fill. "Ford is a family company and saying goodbye to colleagues is difficult and emotional," Hackett wrote in an email. The process, which Ford has deemed a "smart redesign," appears to have taken longer than initially expected.

Added on the 20/05/2019 08:45:34 - Copyright : Wochit

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