The struggling Ford Motor Co may shed up to 30 per cent of its white-collar workforce in North America as part of a corporate recovery plan, the Wall Street Journal reported on Friday.
The business newspaper said some ford employees had been told that 10,500 managerial positions from the current total of about 35,000 could go 'over the next few years' in a bid to keep a lid on payroll costs.
Ford, which on Tuesday reported a 19 per cent sump in second-quarter net earnings, has already announced the elimination of 2,700 white-collar jobs in North America.
Those cuts would contribute to the 30-per cent reduction goal, the newspaper quoted people familiar with the proposals as saying.
No comments:
Post a Comment