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Ford enters final stretch of cutting 7,000 white-collar jobs

Ford enters final stretch of cutting 7,000 white-collar jobs

Ford is almost done cutting about 7,000 white-collar jobs, which would make up 10 per cent of its global workforce.

The company has said it’s undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August.

The company said the plan will save about $600 million US per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.