Ford Motor will cut about ten percent of its global salaried workforce,... cutting about seven-thousand jobs by the end of August,... as part of a larger restructuring process.
According to Ford CEO Jim Hackett on Monday,... the cuts will include both voluntary buyouts and layoffs,... adding that it freezes open positions, as well.
The company's spokesperson says about 23-hundred workers in the U.S. will be laid off.
Within the cuts,... Ford Motor will also eliminate close to a fifth of upper-level managers,... a move intended to reduce bureaucracy and speed up decision making.
The restructuring move is expected to save the American automaker 600 million U.S. dollars every year.