Ford Motor Company, the second-largest American multinational automaker headquartered in Dearborn, Michigan has announced on Friday to its 70,000 salaried employees that they will face unspecified job cuts globally as part of the automaker’s $11 billion restructuring.
On July 25, Ford’s Chief Executive Officer Jim Hackett announced that the company is planning on a restructuring but, declined to give details beyond the $11 billion cost.
“We are in the early stages of reorganizing our global salaried workforce to support the company’s strategic objectives, create a more dynamic and empowering work environment, and become more fit as a business,” Ford said late Friday.
“The reorganization will result in headcount reduction over time and this will vary based on team and location. We will announce more specifics at the appropriate time.”
Based on the announcement on Friday, the firm has not yet decided about the number of job cuts. We are expected to have more details by the second quarter of 2019.
According to The New York Times, Ford is discussing ways to expand its co-operation with Mahindra, the Indian automobile maker, since it is struggling to make an impact in the Indian market.
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