Ford rumoured to be planning 20,000 staff cuts

Ford
is proposing to cut 20,000 jobs as part of a major restructuring of the firm’s
US operations, according to reports.

The
company’s board has called a special meeting for this week to approve the plan,
which is expected to be announced on Friday.

The
online edition of the Financial Times claims that about 8,000 white collar jobs
will be cut and an estimated 12,000 hourly workers will be asked to take early
retirement or voluntary redundancy.

The
plan, which includes plant closures, comes at the end of a six-month strategic
review led by Nick Scheele, who was promoted to chief operating officer
following the removal of Jac Nasser as Ford chief executive in October.

Comments are closed.