According to Reuters, Ford Motor Co. will cut 10-percent of their white-collar jobs as part of a global restructuring plan. The No. 2 automaker plans to cut about 7,000 jobs by the end of August, which will include 10-percent of it's global salaried workforce. The restructuring is estimated to save Ford about $600 million annually. Ford Chief Executive Officer Jim Hackett said the staffing cuts will include voluntary buyouts and layoffs, while open positions will be frozen. Hackett added that Ford's goal is to reduce reduce bureaucracy, empower managers, and speed up decision making. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
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