Ford cutting 7,000 salaried jobs under pressure to boost profits, reduce bureaucracy
Ford workers opened their email Monday to find a letter from with an explanation of how many salaried workers would be leaving the auto company this week and why. The company's cuts will total 7,000 workers by the end of August, including voluntary buyouts and involuntary layoffs and reductions that have already occurred. The cuts include 500 salaried workers in the U.S. who will leave involuntarily this week and 800 in the U.S. by August. The move comes as Ford is under pressure from investors to reduce costs and improve its profitability, ...
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