The Wall Street Journal: Ford to slash jobs as it reorganizes salaried workforce

Ford Motor Co. has informed its global salaried workforce of a planned reorganization that will cut jobs, part of Chief Executive Jim Hackett’s broader plan to squeeze costs and improve efficiencies at the struggling auto maker.

Ford F, -0.33% said in a statement Friday that it is in the “early stages of reorganizing our global salaried workforce,” though it declined to disclose how many people it may let go. The No. 2 U.S. auto maker by sales employs about 70,000 salaried workers world-wide, a spokeswoman said.

The planned cuts should be decided by the second quarter of 2019, the spokeswoman said.

>>> Original Source <<<