DETROIT: Ford Motor Co said on Monday it will eliminate about 10per cent percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker US$600 million annually.
The cuts come as U.S. President Donald Trump has made boosting auto sector employment a key goal. Trump has harshly criticized automakers, especially General Motors Co, for cutting jobs, but has focused primarily on blue-collar cuts at factories rather than white-collar reductions.
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