Ford Prepares to Trim White-Collar Workforce
The Ford Motor Company has been bleeding cash in markets other than North America. The automaker is embarking on a restructuring plan that includes cutting both products and salaried employees.
Officials with the Ford Motor Company say the automaker will make cuts to its global white-collar workforce as part of an ongoing restructuring plan.
Analysts say Ford has been losing money pretty much everywhere except North America.
And it is eliminating sedan production in the U.S. to focus mostly on trucks and crossover vehicles.
Now Ford officials say they want to streamline the company’s bureaucracy.
That means changing the size of its roughly 200,000-person global workforce, which includes about 70,000 salaried employees.
Officials say the specific number of workers affected should be known by the middle of next year.
The Dearborn-based automaker had already announced it wants to cut more than $25 billion in operating costs over the next half-decade.
