The major revamp will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.
Ford is parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce, as part of its restructuring plan.
The major revamp, which had been underway since last year, will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager. "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," Hackett wrote.
Both companies have said the cuts are needed because they face huge capital expenditures to update current vehicles and develop them for the future.GMC Factory workers have not been affected by the restructuring thus far, as the company has retooled car plants so they can build more popular trucks and SUVs.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Former Bush official puts Trump on the couch: a ‘10 out of 10 narcissist’Larry Lindsey told House Republican leaders he had two psychologists evaluate Trump from afar.
और पढो »
Ford Motor Co to cut 10% of white-collar jobs as part of global restructuringFord Motor Co said on Monday it will eliminate about 10% of its global salaried ...
और पढो »
Ford Cuts 10% Of White-Collar WorkforceFord Motor Co. announced its is cutting 7,000 white-collar jobs or about 10% of the workforce.
और पढो »
Ford is cutting 7,000 white-collar jobsFord is cutting about 7,000 white-collar jobs, about 10% of its global workforce.
और पढो »
Ford recalling 273,000 vehicles in North America that could roll awayFord Motor Co is recalling nearly 273,000 Ford Fusion and Ranger pickup trucks i...
और पढो »
Ford recalling 270,000 cars in North America that could roll awayFord Motor Co said Wednesday it is recalling 270,000 Ford Fusion cars in North A...
और पढो »
The 10 best major airports in the worldThe air-travel website AirHelp has released a ranking of 133 major airports across the world.
और पढो »
2019 Disruptor 50: No. 10 XiaohongshuChinese start-up Xiaohongshu — which translates to 'little red book' — has become China's leading social e-commerce platform for overseas luxury goods, primarily fashion and beauty products. Disruptor50
और पढो »
10 Photo Stories That Will Challenge Your View Of The WorldHere are some of the most interesting and powerful photo stories from across the internet.
और पढो »