Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year. vyurkevich reports on the 500 employees that will be cut in the US.
New York Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year.
Ford says workers will begin to be notified of cuts starting Tuesday, and the terminations will be completed by the end of August. About 2,400 of the jobs cuts are in North America, and 1,500 of the positions were eliminated through a voluntary buyout offer.The move is an effort to cut bureaucracy within the company and flatten the management structure in addition to its desire to cut costs, according to a letter CEO Jim Hackett sent to employees Monday morning.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ford recalling 273,000 vehicles in North America that could roll awayFord Motor Co is recalling nearly 273,000 Ford Fusion and Ranger pickup trucks i...
Lire la suite »
Ford recalling 270,000 cars in North America that could roll awayFord Motor Co said Wednesday it is recalling 270,000 Ford Fusion cars in North A...
Lire la suite »
Ford revs up to sell hybrids with appeal of speed and powerFord Motor Co is turning to the automotive marketer's time-tested themes, s...
Lire la suite »
How JPMorgan, Johnson & Johnson And Ford Use Blockchain To Tap $3.1 Trillion In ValueJPMorgan and others are exploring how blockchain can help them overcome an economic principle called 'hold-up' that is preventing them from collaborating, regardless of the benefits.
Lire la suite »
Ford to build more Lincolns for Chinese market locally: CFOFord Motor Co plans to start production of new luxury Lincoln models in China fo...
Lire la suite »
Ford recalls 270,000 Fusions for potential to roll awayJUST IN: Ford Motor Company issues a recall for 270,000 Fusions, citing a potential for the cars to roll away, the company says.
Lire la suite »
Fiat Chrysler Ram Pickup Is Closing In on GM and FordFiat Chrysler’s Ram pickup trucks are closing the market-share gap with rivals by offering aggressive rebates and interiors like those of a luxury SUV, analysts and buyers say.
Lire la suite »
Ford to cut 7,000 jobs by August, including 900 this weekThese are the stocks posting the largest moves before the bell.
Lire la suite »
Ford Restructuring Plan to Eliminate 7,000 JobsFord to eliminate 7,000 jobs, representing 10% of its global salaried workforce, as part of the auto company's multiyear restructuring plan
Lire la suite »
Inside the editing of 'Avengers: Endgame,' which included drastic changes to Black Widow's big moment and the time-travel scenes'Avengers: Endgame' editors Jeffrey Ford and Matthew Schmidt look back on spending over a year cutting both 'Infinity War' and 'Endgame.'
Lire la suite »