Reprinted from The New York Times by The Associated Press on May 20, 2019.
Ford is cutting about 7,000 white-collar jobs, about 10% of its global workforce.
The company has said it was undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August.
The company said that the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.
In the US about 2,300 jobs will be cut through buyouts and layoffs. About 1,500 already have happened. About 500 workers will be let go this week. …
In the US about 1,500 white-collar employees left the company voluntarily since the restructuring began last year, some taking buyouts. About 300 have been laid off already, with another 500 layoffs starting this week.
Most of Ford’s white-collar workers are in and around the company’s Dearborn, Michigan, headquarters.