Detroit/Washington — Ford Motors says it will cut about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the second largest carmaker $600m annually. Ford CEO Jim Hackett said in an e-mail to employees that the cuts include voluntary buyouts and layoffs, and a spokesperson added it freezes open positions as well. About 2,300 of the affected people are employed in the US , the spokesperson said. “To succeed in our competitive industry, and position Ford to win in a fast-changing future, we must reduce bureaucracy, empower managers, speed decision making, focus on the most valuable work and cut costs,” Hackett said. Ford has been restructuring its operations globally to improve profitability and speed product development, making or announcing cuts in Europe, South America and Russia. The carmaker also has signed a deal with Germany’s Volkswagen to join forces on commercial vans and p...
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