Ford to cut 1,400 U.S. salaried jobs through buyouts by year end

DETROIT (Reuters) – Ford Motor Co said on Wednesday it is targeting the elimination of 1,400 U.S. salaried jobs by year end as part of a multiyear $11 billion restructuring.The layoffs will be achieved through voluntary buyouts, the U.S. automaker said in an email sent to employees. The buyouts will be offered to employees who…

Ford to cut 1,400 U.S. salaried jobs through buyouts by year end

DETROIT (Reuters) – Ford Motor Co said on Wednesday it is targeting the elimination of 1,400 U.S. salaried jobs by year end as part of a multiyear $11 billion restructuring.The layoffs will be achieved through voluntary buyouts, the U.S. automaker said in an email sent to employees. The buyouts will be offered to employees who are eligible for retirement.”We’re in a multiyear process of making Ford more fit and effective around the world,” Ford’s Americas President Kumar Galhotra said in th
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