Ford's 1,400 Job Cuts Include Marketing Positions
Posted in: UncategorizedFord Motor Co. on Wednesday said it plans to cut 10% of its salaried employees in North America and Asia to cut costs amid slowing sales and growing investments in new technology.
The automaker will offer voluntary early retirement and special separation packages to roughly 1,400 white-collar workers in the two regions combined and expects the cuts to come by the end of September. Ford said nearly all of its “skill teams” will be affected, except for product development, Ford Credit, manufacturing, IT and global data and analytics.
A Ford spokesman said the reductions will affect corporate staff, including the finance, legal, human resources, communications, government, marketing, sales and service departments.
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