Ford plans job cuts

Lethbridge Herald - - BUSINESS | AGRICULTURE -

Ford — fac­ing heavy costs for new tech­nol­ogy and slow­ing U.S. car sales — is cut­ting 1,400 non-fac­tory jobs in North Amer­ica and Asia Pa­cific this year in an ef­fort to boost prof­its and res­cue its sag­ging stock price.

The com­pany will of­fer vol­un­tary early re­tire­ment and sep­a­ra­tion pack­ages to around 10 per cent of salaried work­ers in de­part­ments such as sales, mar­ket­ing and hu­man re­sources. The pack­ages will be of­fered to about 15,300 work­ers, in­clud­ing 600 in Canada, com­pany spokesman Mike Moran said Wed­nes­day.

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