{"id":215243,"date":"2019-05-21T01:07:12","date_gmt":"2019-05-21T05:07:12","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=215243"},"modified":"2019-05-21T01:07:12","modified_gmt":"2019-05-21T05:07:12","slug":"ford-is-cutting-7000-white-collar-jobs","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/05\/21\/ford-is-cutting-7000-white-collar-jobs\/","title":{"rendered":"Ford is cutting 7,000 white collar jobs"},"content":{"rendered":"<figure id=\"attachment_182472\" aria-describedby=\"caption-attachment-182472\" style=\"width: 2497px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/FordGlassHouse.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182472\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/FordGlassHouse.jpg\" alt=\"\" width=\"2497\" height=\"1901\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/FordGlassHouse.jpg 2497w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/FordGlassHouse-300x228.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/FordGlassHouse-768x585.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/FordGlassHouse-1024x780.jpg 1024w\" sizes=\"auto, (max-width: 2497px) 100vw, 2497px\" \/><\/a><figcaption id=\"caption-attachment-182472\" class=\"wp-caption-text\">FILE: Ford Motor Company Headquarters, Dearborn, Mi. The Glasshouse (<a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=2954149\">Photo By Dave Parker &#8211; Own work, CC BY 3.0<\/a>)<\/figcaption><\/figure>\n<p>DETROIT \u2014 Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce.<\/p>\n<p>The company has said it was undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August.<\/p>\n<p>The company said that the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.<\/p>\n<p>In the U.S. about 2,300 jobs will be cut through buyouts and layoffs. About 1,500 already have happened. About 500 workers will be let go this week.<\/p>\n<p>In a memo to employees, Monday, CEO Jim Hackett said the fourth wave of the restructuring will start on Tuesday, with the majority of cuts being finished by May 24.<\/p>\n<p>\u201cTo succeed in our competitive industry, and position Ford to win in a fast-charging future, we must reduce bureaucracy, empower managers, speed decision making and focus on the most valuable work, and cost cuts,\u201d Hackett&#8217;s wrote.<\/p>\n<p>In the U.S. about 1,500 white-collar employees left the company voluntarily since the restructuring began last year, some taking buyouts. About 300 have been laid off already, with another 500 layoffs starting this week.<\/p>\n<p>Most of Ford&#8217;s white-collar workers are in and around the company&#8217;s Dearborn, Michigan, headquarters.<\/p>\n<p>Hackett said in the memo that the company is departing from past practices and letting laid-off employees stay a few days to wrap up their jobs and say good-bye to colleagues. In the past, laid-off workers would have had to pack up and leave immediately.<\/p>\n<p>\u201cFord is a family company and saying goodbye to colleagues is difficult and emotional,\u201d Hackett wrote.<\/p>\n<p>Shares of Ford Motor Co. slipped early Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DETROIT \u2014 Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company &hellip;<\/p>\n","protected":false},"author":44,"featured_media":182472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-215243","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-tom-krisher","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/215243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=215243"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/215243\/revisions"}],"predecessor-version":[{"id":215245,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/215243\/revisions\/215245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/182472"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=215243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=215243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=215243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}