Ford Targets White-Collar Job Cuts in U.S.

Elvera Bartels

Ford Motor mentioned Wednesday it is supplying voluntary buyouts to white-collar workforce in the U.S. as it proceeds to pivot toward new technologies which includes all-electric powered vehicles.

The automaker hopes to trim at the very least one,400 salaried staff by the buyouts, a Ford spokesman advised CNBC. It has been shrinking its workforce as aspect of an $11 billion restructuring strategy, permitting go about 7,000 salaried staff, which includes 800 in the U.S., final 12 months.

Ford will offer the buyouts to certain salaried workforce who are qualified for retirement as of Dec. 31. Staff have until eventually Oct. 23 to acknowledge the buyout and individuals who really do not could be laid off.

“The system is aspect of our underway and ongoing system to improve Ford’s worldwide health and effectiveness, which involves reprioritizing items and companies and staffing the corporation accordingly, so we’re extra streamlined and profitable,” spokesman

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