Ford Fires 10 Percent Of The Office Staff

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Ford fires 10 percent of the office staff. Ford fires 7,000 paid employees, which is 10 percent of the office workforce. CEO Jim Hackett informed the staff by e-mail on Monday, according to the reports.

 

It would save the automaker 600 million dollars annually in costs.

Of the dismissed people, eight hundred are from the United States.

Hackett notified staff that some of the layoffs have already taken place and that certain staff members who were bought out are also included in the intervention.

Next month of August all dismissals must be completed.

The dismissal round is part of the broader plan to breathe new life into the car brand.

The multi-year project to restructure Ford is expected to raise the company around 11 billion dollars.

In the fall of 2018, Ford reported on the plans, and the cuts in the workforce were also mentioned.

When Hackett took the helm in 2017,

 he set the aim of making the car business more flexible so that it can sustain itself in the changing car market.

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