Ford cuts 10 pct. of white-collar jobs
DETROIT (AP) — Ford will cut 10 percent of its white-collar jobs in North America and Asia Pacific this year in an effort to boost profits.
The company will offer voluntary early retirement and separation packages to its workers. It expects 1,400 positions to be affected by the end of September.
Ford believes it will meet its targets by voluntary means and doesn’t expect involuntary layoffs, spokesman Mike Moran said today.
“We remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities,” Ford said in an email sent to employees early today. “Reducing costs and becoming as lean and efficient as possible also remain part of that work.”
Certain areas of the business won’t be targeted, including its product development and credit divisions. Salaried and hourly workers in Ford’s plants won’t be affected. Information technology and analytics workers also won’t be affected.
The offer will be open to about 15,300 workers, including 9,600 in the U.S., 1,000 in Mexico, 600 in Canada and 4,141 in Asia.