Ford announces 7,000 job cuts worldwide

Ford announces 7,000 job cuts worldwide

Ford Motor said on Monday it will eliminate about 10 per cent of its global salaried workforce, cutting about 7,000 jobs by the end of August. Ford CEO Jim Hackett said in a Monday email to employees that the cuts include both voluntary buyouts and layoffs. About 2,300 of the affected people are employed in the US. The company expects to save $600 million annually from the cuts.

KCooper
KCooper
atlas shrugged
atlas shrugged 1 year

Down to only 9 layers of management! How will they be able to make any vehicles without as all those managers to help? Guess robots don't need as many managers.

Anon BH
Anon BH 1 year

This is actually a good thing. Bloated management is usually a sign of a companies impending fall and Ford seems to understand this. They are also treating the laid off employees pretty well it seems. Hopefully this will allow them to expand a little in the future and boost the economy.

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