Ford Motor Co said on Monday it will eliminate about 10% of its global salaried ...
DETROIT - Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.
“To succeed in our competitive industry, and position Ford to win in a fast-changing future, we must reduce bureaucracy, empower managers, speed decision making, focus on the most valuable work and cut costs,” Hackett said in the email. U.S. President Donald Trump has pushed boosting auto sector employment, harshly criticizing automakers, especially General Motors Co for cutting jobs, but has focused primarily on blue-collar cuts at factories rather than white-collar reductions.
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