Ford to slash 7,000 jobs in reorganization pushhome/Business/Foreign Business/Ford to slash 7,000 jobs in reorganization pushNEW YORK: Ford plans to cut 7,000 jobs, or 10 percent of its global salaried workforce, as part of a reorganization as it revamps its vehicle offerings, the company said on Monday. The downsizing will involve some layoffs and reassignments of white-collar staff and should be complete by the end of August, a Ford spokeswoman said. Ford has been phasing out most sedan models in the United States as more consumers have opted for pickup trucks and sport utility vehicles. Ford had 199,000 employees, including its unionized workforce, at the end of 2018, down from 202,000 a year earlier, according to securities filings. Ford had signaled it expected significant job cuts in April 2018 when it announced it would phase out several small models in North America.

Source: Manila Times May 21, 2019 16:07 UTC