News > BusinessNews

Ford announces cuts to 10% of its workforce, totaling 7,000 jobs

27 days ago   |   By WISN

The company says it is undertaking a major restructuring, and that it will trim thousands of jobs by August.
Read more ...

 

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

27 days ago   |   By 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.
Read more ...

 

Ford to Cut 900 Jobs This Week, 7,000 by August

27 days ago   |   By Fortune

Ford Motor Co. plans to eliminate about 7,000 salaried jobs - about 10% of its global white-collar workforce - as pressures mount on automakers to keep pace with massive technological shifts amid signs global car demand has peaked.
Eliminating the positions will save Ford about $600 million a year, Chief Executive Officer Jim Hackett wrote in a memo to employees Monday. The majority of the cuts will be completed by May 24 in North America, and by the end of August in other markets including Europe , China and South America .
"To succeed in our competitive industry, and position Ford to win...
Read more ...

 

Ford Slashes 10% Of Its Global Salaried Workforce

Ford Slashes 10% Of Its Global Salaried Workforce

27 days ago   |   By NPR

About 7,000 white-collar jobs are being eliminated as part of Ford's massive organizational restructuring. The automaker says it will save $600 million per year as a result.
Read more ...

 

Ford is cutting 7,000 white-collar jobs

27 days ago   |   By ABC

Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce.
Read more ...

 

Ford will lay off 7,000 white-collar workers

27 days ago   |   By WGN TV

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...
Read more ...

 

Ford is cutting 7,000 white-collar jobs

27 days ago   |   By National Post

DETROIT - Ford is cutting about 7,000 white-collar jobs, about 10% of its global workforce.
Read more ...

 

Ford to cut 7,000 jobs by August, including 900 this week

27 days ago   |   By CNBC


Read more ...

 

Ford is cutting 7,000 white-collar jobs

27 days ago   |   By Miami Herald

Ford is almost finished with a major global restructuring and by the time it ends in August the automaker will have shed 7,000 white-collar jobs. The company said Monday that...
Read more ...

 


Search by Tags

   BusinessNews      Technology      Industry      Market      Europ      Autos      Ford      Layoffs      Business      U.s. & world      Ford      Unemployment      Jobs      News      PMN News      PMN World      AP  


Company recalling some Ragú pasta sauces because they may contain plastic bits

Company recalling some Ragú pasta sauces because they may contain plastic bits

The owner of Ragú is recalling some of its jars of pasta sauce over the possibility that they may contain plastic fragments, the company said. Read more ...

Meghan Markle and Prince Harry share new photo of Archie for Father's Day

Meghan Markle and Prince Harry share new photo of Archie for Father's Day

In celebration of Father's Day, Meghan Markle and Prince Harry have shared a new image of their 1-month old son Archie. Read more ...

2020 race brings free college back to the national stage

2020 race brings free college back to the national stage

After receding from the national stage, the free college movement is resurfacing as a central rallying point for Democrats as they set their sights on the White House. Read more ...

Over 246,000 pounds of breakfast wraps recalled because they may have small...

Over 246,000 pounds of breakfast wraps recalled because they may have small rocks

A company is recalling more than 246,000 pounds of frozen breakfast wraps sold nationwide over fears the bacon may be contaminated by small rocks. Read more ...

USWNT takeaways: Celebration controversy re-upped, Lloyd's history

USWNT takeaways: Celebration controversy re-upped, Lloyd's history

The U.S. cruised past Chile 3-0 in its second Women's World Cup group stage game, and it could've been worse if not for Chilean keeper Christiane Endler. The victory clinched a... Read more ...

Tens of millions without power in South America blackout

Tens of millions without power in South America blackout

BUENOS AIRES, Argentina - A massive blackout left tens of millions of people without electricity in Argentina, Uruguay and Paraguay on Sunday in what the Argentine president... Read more ...

Family friend of man killed by Mount Pleasant police questions what happened

Family friend of man killed by Mount Pleasant police questions what happened

A family friend of a man shot and killed Saturday by Mount Pleasant police said Tyrese West, 18, loved football, music and his family. Read more ...

CHP: Man arrested for fatal hit-and-run

CHP: Man arrested for fatal hit-and-run

Read more ...

Maximum Security beaten in first start since Derby DQ

Maximum Security beaten in first start since Derby DQ

Maximum Security returned to racing for the first time since being disqualified in the Kentucky Derby, and simply got beat. Read more ...

Jon Stewart rips McConnell over no compassion for 9/11 responders

Jon Stewart rips McConnell over no compassion for 9/11 responders

Jon Stewart ripped Mitch McConnell on Sunday, saying the Senate Majority Leader has never acted with compassion when it comes to securing health-care funding for 9/11... Read more ...