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Ford Tells Employees 7,000 Job Cuts Will Be Completed by September

Tony Owusu

CEO Jim Hackett informed employees that the automaker is entering the final phase of its plan to shed 7,000 salaried positions globally, about 10% of its workforce, as it looks to save $600 million a year. "Ford is a family company and saying goodbye to colleagues is difficult and emotional," Hackett wrote in an email to employees, according to Automotive News. Ford began the layoff process in November, but this is the first time the company provided details about its job elimination strategy.