Auto gi­ant Ford to cut 1,400 salaried jobs in North Amer­ica, Asia

Cape Breton Post - - News -

DETROIT - Ford is con­firm­ing plans to cut 10 per cent of its salaried jobs in North Amer­ica and the Asia Pa­cific re­gion this year, about 1,400 po­si­tions.

Com­pany spokesman Mike Mo­ran says vol­un­tary early re­tire­ment and sep­a­ra­tion pack­ages will be of­fered to about 15,300 work­ers, in­clud­ing 600 in Canada.

He says the au­tomaker ex­pects to meet its job-re­duc­tion tar­gets with­out lay­offs.

Ford says the po­si­tions to be cut in­clude those in hu­man re­sources and mar­ket­ing, but ex­clude other types of skills such as prod­uct devel­op­ment, in­for­ma­tion tech­nol­ogy and plant man­u­fac­tur­ing. More than half of the af­fected staff are in the United States, which has 9,600 of the el­i­gi­ble po­si­tions. Mex­ico has 1,000 and the Asia-Pa­cific re­gion in­clud­ing China has 4,141.

The com­pany says it will re­lease more de­tails to em­ploy­ees in June and ex­pects the de­par­tures to be done by Septem­ber.

Ford’s stock price has fallen nearly 40 per cent over the last three years as in­vestors worry that sales in the U.S., its big­gest mar­ket, are peak­ing.

The com­pany is also spend­ing heav­ily on tech­nol­ogy with an un­cer­tain fu­ture, like self-driv­ing ve­hi­cles.

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