Ford to cut 7,000 jobs as part of global restructuring

28

Ford Motor Co said on Monday that it will cutting about 7,000 jobs, about 10% of its global salaried workforce by the end of August as part of a restructuring plan designed to 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 affected people are employed in the United States, the spokesman said.

READ ALSO: Ford To Recall 270,000 Cars In America

“To succeed in our competitive industry, and position Ford to win in a fast-changing future, we must reduce bureaucracy, empower managers, speed decision making, focus on the most valuable work and cut costs,” Hackett said in the email.

Ford has been restructuring its operations globally to improve profitability and speed product development, making or announcing cuts in Europe, South America and Russia.

The automaker also has signed a deal with Germany’s Volkswagen AG to join forces on commercial vans and pickup trucks. The companies are also negotiating a broader alliance for electric and self-driving vehicle development.

U.S. President Donald Trump has pushed boosting auto sector employment, harshly criticizing automakers, especially General Motors Co for cutting jobs, but has focused primarily on blue-collar cuts at factories rather than white-collar reductions.

The White House did not immediately comment on Monday about Ford’s salaried cuts.

Restructuring work continues in Europe, China, South America and the International Markets Group and the Dearborn, Michigan-based company expects to complete the process in those markets by the end of August, said Hackett, who has described 2019 as a year of transition for the company.

Within the cuts, Hackett said it will eliminate close to 20% of upper-level managers, a move intended to reduce bureaucracy and speed up decision making. Before the redesign of its operations, Ford had up to 14 organizational layers, but that will be cut to nine by year-end, Hackett said.

Notification to North American employees will begin on Tuesday and the majority will be completed by May 24, he said.

The Ford family are the controlling shareholders. Hackett said it would give those affected by the job cuts a few days to wrap up and say goodbye, emphasizing Ford’s position as a family company. That stood in contrast to how GM handled layoffs earlier this year where employees were asked to leave immediately.

 

Yetunde Adegoke

You might also like

Leave A Reply

Your email address will not be published.

28 Comments
  1. curlshop says

    Very neat article.Thanks Again. Really Great.

    https://www.curlsshop.nl/

  2. ทางเข้า superslot says

    I appreciate you sharing this post.Really thank you! Really Great.

    https://superheroslot.com/

  3. look at more info says
  4. downloadlagu321 says

    Thank you ever so for you blog article.Thanks Again. Keep writing.

    https://downloadlagu321.live/

  5. доставка воды харьков says

    Thank you for your blog post.Really thank you! Cool.

    http://receptibogini.ru/strizhki-na-pryamye-srednie-volosy/index.html

  6. dogs and cats says

    Fantastic blog article.Really thank you! Cool.

    https://facebook.com/LovettsPetCare

  7. www.thedropshadow.com says

    Thanks-a-mundo for the blog article.Really thank you! Much obliged.

    http://thedropshadow.com/

  8. 베트남황제투어 says

    Really appreciate you sharing this blog article.Really thank you! Really Cool.

    https://travel-to-vietnam.net/

  9. ambbet says

    Thanks a lot for the article.Really looking forward to read more. Fantastic.

    https://luckywinauto.com/askmebet-luckywinauto/

  10. Buy Vicodin Online says

    Thank you for your article post.Really looking forward to read more. Will read on…

    https://simpsonchemicals.com/

  11. beginner pegging strapon says

    Appreciate you sharing, great article post.Much thanks again. Really Great.

    https://www.youtube.com/watch?v=FEPnQnonNUQ

  12. rotating sex toy says

    Really informative post. Really Great.

    https://www.youtube.com/watch?v=HXRrxtBjVZA

  13. numbing spray for penis says

    Looking forward to reading more. Great post.Really looking forward to read more. Want more.

    https://www.youtube.com/watch?v=SzWT3UyKEOI

  14. penis extender ebay says

    Thanks-a-mundo for the blog article. Want more.

    https://www.youtube.com/watch?v=o6cbtvG8-FQ

  15. orlando pressure washing says

    I truly appreciate this article.Really looking forward to read more. Really Cool.

    https://sites.google.com/view/strong-hose-pressure-washing

  16. Buy Hydrocodone Online says

    Great post.Thanks Again. Much obliged.

    https://simpsonchemicals.com/

  17. seo rank my business says

    I truly appreciate this article post.Really looking forward to read more. Fantastic.

    https://redkiteseo.blogspot.com/2021/11/seo-consultant-uk.html

  18. how to use sex toys says

    I really liked your blog post.Thanks Again. Much obliged.

    https://www.youtube.com/channel/UCKQbG065aWkug2v07t52V1A

  19. best silicone g spot vibrators says

    Really informative post.Thanks Again. Want more.

    https://www.youtube.com/watch?v=1gn2E6BcCr8

  20. Koko Nuggz says

    Muchos Gracias for your blog. Cool.

    https://packwoods.net/

  21. best wireless remote control vibrator says

    I really like and appreciate your blog article.Really thank you! Really Cool.

    https://www.youtube.com/watch?v=UHzltx3gMkg

  22. icicles dildo says

    This is one awesome blog.Much thanks again.

    https://www.youtube.com/watch?v=ybnfoBvZZOU

  23. how can i get rid of rats says

    Really appreciate you sharing this article post.Thanks Again. Fantastic.

    https://is.gd/8VkZ2V

  24. สมัครambbet says

    Wow, great post.Really thank you! Really Cool.

    https://amb19.com/

  25. rotorazer platinum says

    Appreciate you sharing, great blog.Really looking forward to read more. Cool.

    https://www.youtube.com/watch?v=Qxx7rA9maqE

  26. adam and eve toys says

    Great, thanks for sharing this article. Great.

    https://www.youtube.com/watch?v=htDgD9ewBDI

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More