May 17 Ford Motor Co said on Wednesday it
plans to cut 1,400 salaried jobs in North America and Asia
through voluntary early retirement and other financial
incentives as the No. 2 U.S. automaker looks to boost its
sagging stock price.
Ford said the cuts would amount to 10 percent of a group of
15,000 salaried workers. The company said a large group of
salaried workers would not be covered by the planned cuts,
including those in product develop and in the Ford Credit unit.
The cuts will not apply to Ford's Europe or South America units.
About two-thirds of the planned cuts are in North America
and the rest in Asia.
(Reporting by David Shepardson; Editing by Jeffrey Benkoe)