COUNTRYSIDE, IL - AUGUST 03: Ford vehicles are offered for sale at a dealership August 3, 2009 in Countryside, Illinois. With the help of the U.S. government's "Cash for Clunkers" program, Ford Motor Co. reported an increase of approximately 1.6 percent in U.S. sales for July in comparison to the same month last year. It has been almost two years since Ford has reported a U.S. sales increase. (Photo by Scott Olson/Getty Images)
Ford Motor is cutting its workforce by 10 percent. The cuts will affect salaried employees in Asia and the United States. Ford is making the cuts due to a sliding stock price. The automaker hopes to boost profits.
The cuts will not affect hourly employees. The cuts will also not affect production. Ford will incentivize salaried employees to leave by offering attractive early retirement packages.
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
Success! You are now subscribed.
By registering for the newsletter, you agree to the
Privacy Policy.
