UPDATE 3-Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring
(Adds background on Ford's global restructuring, paragraphs 4-5) DETROIT, May 20 (Reuters) - 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. Ford Chief Executive Officer Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the ...
Click
To Read Full Article