Seeing a twisting road ahead, Ford cuts 7K white-collar jobs

DETROIT >> Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce.

The major revamp, which had been underway since last year, will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.

In the U.S., about 2,300 jobs will be cut through buyouts and layoffs. About 1,500 people have left voluntarily or with buyouts, while 300 have been laid off. About 500 workers will be let go starting this week, largely in and around the company’s headquarters in Dearborn, Michigan, just outside Detroit.

The layoffs are coming across a broad swath of the company, including engineering, product development, marketing, information technology, logistics, finance and other areas.

— The Associated Press