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Ford plans new wave of layoffs, to shed 10% of its workforce by August

Ciara Linnane
Ford plans new wave of layoffs, to shed 10% of its workforce by August

Ford Motor Co. plans to eliminate more salaried jobs worldwide as part of its redesign, according to an email sent to employees that was published by Automotive News. Notifications will be sent to North American workers on Tuesday, while restructuring work continues in Europe, China, South America and other international markets, Ford’s Chief Executive Jim Hackett said in the email on Monday. The move will reduce the company’s management structure by close to 20% as Ford had planned, said the email.