Ford to cut jobs, reorganize workforce

Ford Motor Company is planning to reorganize its workforce, the auto manufacturer said Friday, including cutting an as yet unknown number of its 70,000 salaried positions globally.

“The reorganization will result in headcount reduction over time and this will vary based on team and location,” said a company statement. Mark Truby, vice president of global communications at Ford, said executives would “need to dig into the process deeper” before being able to share “the absolutes” of how many jobs will go and how they will be terminated.

“Over time, we’ll have fewer layers, ultimately less people,” Truby said, describing a less hierarchical company chart. “The goal is to streamline the organization. It’s a cascading process. It will mean a reduction in workforce.” The layoffs will be completed by the middle of next year.

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Source:: The Week – Business


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