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Home / Business / Ford says cutting American profitable jobs doesn't say how many

Ford says cutting American profitable jobs doesn't say how many



FILE PHOTO: The Ford logo is depicted on the company's stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 201

8. REUTERS / Denis Balibouse

(Reuters) – Ford Motor Co confirmed on Wednesday it is cutting an unspecified number of US profitable jobs as part of a global reorganization announced last year.

Said Deep, spokesman for the second-largest American vending machine, refused to say how many jobs are being slashed, but said the company expects the process to be completed by the end of June. He said the restructuring "has resulted in some separations of salaried employees and redistribution of others."

Last year, Ford said it was working to reorganize its global profitable workforce that will "result in a reduction in the number of employees over time, and this will vary based on team and location."

Last year, Ford said that it would close its oldest factory in Brazil. It also said it would come out of its large commercial trucking business in South America, a move that could cost more than 2700 jobs.

Ford has said that the global reorganization will involve thousands of jobs and possible construction rods in Europe and result in $ 11 billion in costs.

In January, Ford's CEO Jim Hackett told that 2018 had been "mediocre" and added that it was "time to bury the year (2018) in a deep grave, make sure that what could have been and become superfocused on meeting , and actually exceed this year's plan. "

Car manufacturers are cutting costs among fears of a decline in car sales.

General Motors Co stops production in five factories in North America, and has cut about 8,000 profitable jobs, or 15 percent of its white workforce.

Reporting by David Shepardson; Editing by Jeffrey Benkoe

Our Standards: Thomson Reuters Trust Principles.

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