New York Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year.
Ford says workers will begin to be notified of cuts starting Tuesday, and the terminations will be completed by the end of August. About 2,400 of the jobs cuts are in North America, and 1,500 of the positions were eliminated through a voluntary buyout offer.The move is an effort to cut bureaucracy within the company and flatten the management structure in addition to its desire to cut costs, according to a letter CEO Jim Hackett sent to employees Monday morning.
vyurkevich That 600 million savings will go to corporate and investor bonuses.
vyurkevich The economy is doing great realDonaldTrump ! notwinning
vyurkevich Trump fault
vyurkevich By attrition?
vyurkevich I bet the CEO still get million dollar bonuses after this
vyurkevich Shhh don't tell realDonaldTrump, he thinks the auto industry has made some giant comeback.
vyurkevich So much winning!!
vyurkevich Very Sad
vyurkevich 500 American jobs out of 7,000 worldwide means they are focusing on American workers. Companies routinely cut jobs as technology advances and waste is found. All part of staying in business. The public sector could learn from it.
vyurkevich You're a number nothing more don't forget that.
vyurkevich Automation rarely needs supervision or team building exercises.
vyurkevich The following is a bipartisan statement. In Coitsville, Ohio some of the alleged, Congress people, currently in Congress, would not be elected mosquito or dog catcher. Some would be hired to clean porta johns.
vyurkevich Ford CEO alone made $20 million last year. How about cutting the pay of some of these execs instead of jobs?
vyurkevich All this winning 🙄
vyurkevich
vyurkevich 500 huh
vyurkevich I thought Trump was saving the country from all these happening. Oh what a Brime!!!
vyurkevich Federal , State and city governments should do the same thing.
vyurkevich So sad.
vyurkevich But the econony is doing so well? Why are companies still continue to be greedy and cut jobs? I thought the Trump tax cut was going to put more money in employees pockets and bring more jobs in the auto industry? People never truly learn. ConDon CapitalistsGreed
vyurkevich MAGA
vyurkevich That's what happens when A.I. takes over.
vyurkevich Bye bye, engineers!
vyurkevich Wow. 7000 worldwide and only 500 in the USA. That sounds like they’re cutting overseas jobs in favor of American jobs, even while trimming fat to save costs. Thanks Trump
vyurkevich
vyurkevich Yes, this was announced months ago. Ford is stopping production of most of its larger sedans that don’t sell well as buyers want more small SUVs
vyurkevich There's plenty of other white collar and blue collar jobs available 🇺🇸
vyurkevich Moving jobs back to the US. Winning
vyurkevich Thanks Obama
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