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.
Ford Motor Co. said Monday that is cutting about 7,000 white-collar jobs, which would make up 10% of its global salaried workforce.
In the United States, about 2,300 jobs will be cut through buyouts and layoffs. About 1,500 cuts have already been made and about 500 more workers will be let go this week, the company said. “To succeed in our competitive industry, and position Ford to win in a fast-charging future, we must reduce bureaucracy, empower managers, speed decision making and focus on the most valuable work, and cost cuts,” Hackett's wrote.It's the second set of layoffs for Detroit-area automakers, even though the companies are making healthy profits. Sales in the United States, where the automakers get most of their revenue, have fallen slightly but are still strong.
The GM cuts, especially the closing of a small-car factory in Lordstown, Ohio, brought withering criticism from President Trump and Congress. Trump campaigned on bringing factory jobs back to the industrial Midwest. GM has since announced a possible deal to sell the Lordstown plant to a startup electric-vehicle maker, but it hasn't been finalized.
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