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’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.

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