Ford to boost profits by cutting 1400 salaried workers in North America and Asia

A group of 1,400 Ford salaried workers not directly involved in vehicle production — including managers —  will be cut as of September 2017. Reuters reports Ford hopes to achieve this with “voluntary measures.”

 

Ford vehicles 2017
Ford’s car lineup 2017.

 

This represents a 10 percent cut to a group of 15,000 employees in a group of employees “not tasked with vehicle production.” This is, according to Reuter’s sources, to shore up the bottom line in an effort to halt slipping stock prices. The goal is to cut costs by $3 billion.

Voluntary measures will include “generous” early retirement offers.

Did you miss this?

Other Popular Stories

  • Short list announced for Green Car of the Year
  • NASA Discovers Eighth Planet Circling Distant Star
  • Vehicle sales, mainly light trucks, continued to soar in January
  • The three different types of Artificial Intelligence – ANI, AGI and ASI
  • Bombardier holds update on CSeries aircraft
  • Invest $50 billion in infrastructure over five years or fall further behind: Report
  • Building code change could help drain water heat recovery manufacturers
  • Time running out for dealing with global greenhouse emissions: report
  • Space X Mars plans become feasible: Elon Musk's multi-planet species goal may yet launch
  • California to test grid-scale power-to-gas energy storage
  • Government wants to know what chemicals are used in fracking
  • Wind energy on growth trend, major offshore project proposed for Nova Scotia
  • Natural Resource GDP increased 0.4%, led by Energy subsector at 0.7% — Statscan
  • Exports, innovation key to small business success: CIBC
  • Canadian work in composite materials honoured with innovation awards
  • Cap and trade law passes in Ontario, carbon pricing set to begin
  • Honda hopes to catch up on Autonomous driving and electric vehicle technology — by 2025
  • Netherlands company to test plastic road construction
  • Ontario to lose Toyota Corolla production but gain . . . ?
  • First anti-icing wind turbine blades will power Quebec community
Scroll to Top