Detroit • Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce.
The company has said it was undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August.
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.
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.