Ford Sees 1,400 Salaried Workers Leaving by End of September
- Voluntary buyouts being offered in North America, Asia Pacific
- Automaker says it’s plotting an ‘accelerated attack on costs’
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Ford Motor Co. said it’s making an “accelerated attack on costs” by offering voluntary buyout packages to salaried workers in North America and Asia, as Chief Executive Officer Mark Fields faces pressure to improve profit and boost the carmaker’s stock price.
The automaker expects 1,400 salaried employees to leave by the end of September, according to an emailed statement. The early retirement offers won’t be extended to key employees engineering new models and developing technology such as self-driving cars.