Advertisements
14.8 C
London
Tuesday, August 4, 2020

Ford announces thousands of white collar job losses

Must read

TikTok planning London headquarters, according to reports

TikTok is planning to open a headquarters in London, according to reports, as the social media app continues to try and distance itself from...

David Attenborough and rapper Dave collaborate for Planet Earth special

David Attenborough and rapper Dave will attempt to “lift viewers’ spirits” with a TV special featuring animals overcoming adversity. Planet Earth: A Celebration will air...

Rochelle Humes: I tried to scrub skin off as a child after racist comments

Rochelle Humes has said she would scrub her legs until they were red to try to get her skin off after she was subjected...

US Navy investigates video of ‘dog attack’ on man in Kaepernick shirt at event

The US Navy is investigating an incident in which dogs attacked a “Colin Kaepernick stand-in” during a K-9 demonstration during a 2019 fundraiser at...

Car giant Ford is cutting about 7,000 white-collar jobs, about 10% of its global workforce.

The company has said it was undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August.

The company said that the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.

In the US about 2,300 jobs will be cut through buy-outs and lay-offs.

About 1,500 already have happened while around 500 workers will be let go this week.

In a memo to employees on Monday chief executive Jim Hackett said the fourth wave of the restructuring will start on Tuesday, with the majority of cuts being finished by May 24.

[pull_quote_center]”To succeed in our competitive industry, and position Ford to win in a fast-charging future, we must reduce bureaucracy, empower managers, speed decision making and focus on the most valuable work, and cost cuts.”[/pull_quote_center]

In the US about 1,500 white-collar employees left the company voluntarily since the restructuring began last year, some taking buy-outs.

About 300 have been laid off already, with another 500 lay-offs starting this week.

Most of Ford’s white-collar workers are in and around the company’s Dearborn, Michigan, headquarters.

Advertisements

- Advertisement -

More articles

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

TikTok planning London headquarters, according to reports

TikTok is planning to open a headquarters in London, according to reports, as the social media app continues to try and distance itself from...

David Attenborough and rapper Dave collaborate for Planet Earth special

David Attenborough and rapper Dave will attempt to “lift viewers’ spirits” with a TV special featuring animals overcoming adversity. Planet Earth: A Celebration will air...

Rochelle Humes: I tried to scrub skin off as a child after racist comments

Rochelle Humes has said she would scrub her legs until they were red to try to get her skin off after she was subjected...

US Navy investigates video of ‘dog attack’ on man in Kaepernick shirt at event

The US Navy is investigating an incident in which dogs attacked a “Colin Kaepernick stand-in” during a K-9 demonstration during a 2019 fundraiser at...

More restrictions announced in Australia’s Victoria state

Victoria state, Australia’s coronavirus hot spot, has announced that businesses will be closed and scaled down in a bid to curb the spread of...
%d bloggers like this: