Auto Best Pics

Top Menu

  • Guest Post inquiry

Main Menu

  • Home
  • Auto Parts
  • Automotive
  • Car Repair
  • Car Service
  • Driving Tips
  • Used Car
  • Vehicles
  • Guest Post inquiry

logo

Auto Best Pics

  • Home
  • Auto Parts
  • Automotive
  • Car Repair
  • Car Service
  • Driving Tips
  • Used Car
  • Vehicles
ford restructuringjim hackett
Home›ford restructuring›Ford cutting 10 percent of white-collar workforce, 7,000 jobs

Ford cutting 10 percent of white-collar workforce, 7,000 jobs

By Rodriguez Davis
May 20, 2019
265
0
Share:
Ford cutting 10 percent of white-collar workforce, 7,000 jobs

DETROIT — Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.

Ford Chief Executive Jim Hackett said in a Monday email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the United States, the spokesman said.

“To succeed in our competitive industry, and position Ford to win in a fast-changing future, we must reduce bureaucracy, empower managers, speed decision making, focus on the most valuable work and cut costs,” Hackett said in the email.

The cuts come as U.S. President Donald Trump has made boosting auto sector employment a key goal. Trump has harshly criticized automakers, especially General Motors, for cutting jobs, but has focused primarily on blue-collar cuts at factories rather than white-collar reductions.

The White House did not immediately comment on Monday about Ford’s salaried cuts.

Restructuring work continues in Europe, China, South America and the International Markets Group and the Dearborn, Michigan-based company expects to complete the process in those markets by the end of August, Hackett said.

Within the cuts, Hackett said it will eliminate close to 20% of upper-level managers in a move also meant to reduce bureaucracy and speed decision making.

Notification to North American affected employees will begin on Tuesday and the majority will be completed by May 24, he said.

Hackett said it would give those affected by the job cuts a few days to wrap up and say goodbye, emphasizing Ford’s position as a family company. The Ford family are the controlling shareholders. That stood in contrast to how GM handled layoffs earlier this year, where employees were asked to leave immediately.

Before the redesign of its operations, Ford had up to 14 organizational layers, but that will be cut to nine by year-end, Hackett said.

As part of the restructuring, for example, Hackett said the product development team created a new vehicle architecture and testing team, a new systems engineering and design assurance group, and expanded future investments for in-vehicle infotainment, software, electrification and other areas.



[ad_2]

Source link

Previous Article

2020 Cadillac XT6 fuel economy revealed

Next Article

NBC takes over Indy 500 broadcast after ...

Share:

Related articles More from author

Comments are closed.

  • Fourth GRID racing game announced for September
    gridofficial

    Fourth GRID racing game announced for September

  • Audi to kill off the TT in favor of a tighter electrified lineup
    audi ttbreaking

    Audi to kill off the TT in favor of a tighter electrified lineup

  • Auto Parts

    How do you fix a Tesla door handle?

  • Recent

  • Popular

  • Comments

  • Add a Little Luxury to Your Drive with the Highline Series

    By Rodriguez Davis
    May 1, 2022
  • Which Cars Are Considered High-Performance?

    By Rodriguez Davis
    March 11, 2022
  • Pitfalls to watch out for when conducting auto estimates

    By Rodriguez Davis
    March 9, 2022
  • Top 5 Reasons to Buy Second Hand Honda Activa in Bangalore

    By Rodriguez Davis
    February 18, 2022
  • Should you buy snatch straps or kinetic ropes?

    By Rodriguez Davis
    January 31, 2022
  • Add a Little Luxury to Your Drive with the Highline Series

    By Rodriguez Davis
    May 1, 2022
  • Strategies For Locating A Town Vehicle Service

    By Rodriguez Davis
    June 2, 2018
  • Travel In Luxury By Having An Airport terminal Vehicle Service

    By Rodriguez Davis
    June 8, 2018
  • Employ a Vehicle Service for the Vacation

    By Rodriguez Davis
    June 12, 2018
  • Luxury Vehicle Services – Researching and Selecting Your Luxury Vehicle Service

    By Rodriguez Davis
    June 12, 2018

Recent Posts

  • Add a Little Luxury to Your Drive with the Highline Series May 1, 2022
  • Which Cars Are Considered High-Performance? March 11, 2022
  • Pitfalls to watch out for when conducting auto estimates March 9, 2022
  • Top 5 Reasons to Buy Second Hand Honda Activa in Bangalore February 18, 2022
  • Should you buy snatch straps or kinetic ropes? January 31, 2022
  • Benefits of Selling your Car to a Dealership December 29, 2021

2022

  • – May (1)
    • Add a Little Luxury to Your Drive with the Highline Series
  • + March (2)
  • + February (1)
  • + January (1)

2021

  • + December (2)
  • + September (1)
  • + August (2)
  • + July (4)
  • + June (3)
  • + May (3)
  • + February (3)

2020

  • + December (2)
  • + November (6)
  • + October (3)
  • + September (5)
  • + August (3)
  • + July (1)
  • + June (11)
  • + May (2)
  • + April (1)
  • + March (2)
  • + February (1)
  • + January (2)

2019

  • + December (1)
  • + November (2)
  • + October (2)
  • + August (6)
  • + July (3)
  • + May (258)
  • + April (4)
  • + March (1)
  • + February (5)
  • + January (9)

2018

  • + December (5)
  • + November (3)
  • + October (4)
  • + September (1)
  • + August (2)
  • + June (4)
  • + May (1)

Tags

alloy ute trays car dealerships Fredericton Cutequeen Cutequeen Trading Sheepskin Stretch-On Steering Wheel Cover Black JIANXIN-09-02-09-02 off road Yamaha finance
  • Guest Post inquiry
© 2021 Auto Best Pics- All Rights Reserved.