Ford says it is preparing to cut 7,000 salaried jobs in an effort to reduce bureaucracy at the company.
American automotive giant Ford said on Monday it is preparing to cut 7,000 salaried jobs in an effort to reduce bureaucracy at the company, flatten the structure of management and cut costs, according to a letter CEO Jim Hackett sent to employees on Monday.
Ford's cuts largely focus on management in and around the company's Dearborn, Michigan, headquarters in departments including engineering, product development, marketing, information technology, logistics, finance and marketing. About 2,300 of these jobs will be lost in the United Stated through buyouts and layoffs and more than 1,000 have left voluntarily already or with buyouts, according to the company. About 500 workers will be let go starting this week.
"Ford is a family company and saying goodbye to colleagues is difficult and emotional," Hackett wrote.
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