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

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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. It reflects Hackett’s “desire to have an organization that is moving faster, and part of that comes from having a flatter” management structure, she said.

In its statement, Ford said the reorganization “will result in head count reduction over time and this will vary based on team and location.” The company told employees of the plan Thursday, the spokeswoman said.

An expanded version of this report appears at WSJ.com.