Ford Will Lay Off 7,000 White-Collar Workers

Credit: Wochit Business
Published on May 20, 2019 - Duration: 00:31s

Ford Will Lay Off 7,000 White-Collar Workers

Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort.

The company says it will save about $600 million a year, according to CNN.

Ford says workers will begin to be notified of cuts starting Tuesday, and the terminations will be completed by the end of August.

About 2,400 of the jobs cuts are in North America, and 1,500 of the positions were eliminated through a voluntary buyout offer.

Advertisement

You are here

Recent related videos from verified sources

Ford To Cut 7,000 White-Collar Jobs To Save $600 Million A Year 00:42
Credit: Veuer - Published on May 28, 2019 

Ford says it's going to lay off 7,000 people worldwide 00:31
Credit: FOX 47 News Michigan - Published on May 21, 2019 

Ford Will Cut 10% Of It's Global Workforce 00:32
Credit: Wochit - Published on May 21, 2019 

Ford will eliminate 7,000 salaried workers by August 03:00
Credit: WXYZ Detroit - Published on May 20, 2019 

You might like