The lay offs will be carried out this summer and the entire lay off cycle will be completed by 1st August.
Detroit media reported that Ford will cut 10 percent to 12 percent of its salaried workforce, which means something more than 2,000 employees.
Because Ford wants the cuts made by August, the company doesn’t expect to offer voluntary packages, Truby said.
The primary reason for this job cut by ford motors is due to the failure in reaching the profits levels. Ford abandoned its goal of returning to profitability by 2009 amid slumping U.S. light-truck sales. It also made sweeping production cuts, slashing output by 15 percent in the second quarter compared with the same quarter last year. Third- and fourth-quarter production will plunge as much as 20 percent and 8 percent, respectively.
|Ford said that by July it will have more details about how it plans to cut costs.The automaker entered this year’s launch cycle with one-third third fewer salaried workers than it had earlier this decade.||Table of Contents|