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Ford announces cuts to 10% of its workforce, totaling 7,000 jobs
One year ago | By WISN
The company says it is undertaking a major restructuring, and that it will trim thousands of jobs by August.
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Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring
One year 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.
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Ford to Cut 900 Jobs This Week, 7,000 by August
One year 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...
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Ford Slashes 10% Of Its Global Salaried Workforce
One year 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.
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Ford is cutting 7,000 white-collar jobs
One year ago | By ABC
Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce.
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Ford will lay off 7,000 white-collar workers
One year 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...
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Ford is cutting 7,000 white-collar jobs
One year ago | By National Post
DETROIT - Ford is cutting about 7,000 white-collar jobs, about 10% of its global workforce.
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Ford to cut 7,000 jobs by August, including 900 this week
One year ago | By CNBC
Ford is cutting 7,000 white-collar jobs
One year 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...
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