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Ford lays off salaried workers worldwide

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Ford cuts management jobs worldwideUS automobile manufacturer Ford Motor is cutting 7,000 salaried positions worldwide as a part of the company's restructuring program initiated earlier this year.

The job cuts will eliminate 10pc of Ford's global workforce by August 2019, including 20pc of its management positions. An email sent to Ford employees regarding the downsizing emphasized reducing management layers and increasing direct reports for remaining managers.

The company anticipates saving $600mn annually from this move, which arrived in the middle of Ford's production shift towards more profitable SUVs, light trucks, and EVs that should conclude by 2020.


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