Edition:
United Kingdom

Ford Motor Co Will Prune About 10% Of Global Salaried Workforce


Monday, 20 May 2019 

May 20 (Reuters) - Ford Motor Co ::FORD -BY AUGUST END, CO WILL HAVE ELIMINATED ABOUT 7,000 SALARIED POSITIONS OR ABOUT 10% OF GLOBAL SALARIED WORKFORCE.FORD- RESTRUCTURING WORK CONTINUES IN EUROPE, CHINA, SOUTH AMERICA AND INTERNATIONAL MARKETS GROUP.FORD - BY YEAR-END, MOST OF THE ORGANIZATION WILL BE STRUCTURED WITH 9 LAYERS OR LESS.FORD- WORKFORCE REDUCTIONS INCLUDES BOTH VOLUNTARY AND INVOLUNTARY SEPARATIONS OVER THE PAST YEAR.FORD - CO WILL HAVE REDUCED MANAGEMENT STRUCTURE BY CLOSE TO 20% OVER THE PAST YEAR.FORD - ACTIONS WILL RESULT IN ANNUAL SAVINGS OF ABOUT $600 MILLION.