Ford is cutting 7,000 white-collar jobs

Ford is almost finished with a major global restructuring, and by the time it ends in August, the automaker will have shed 7,000 white-collar jobs.

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

The cuts amount to 10 per cent of Ford’s global salaried workforce.

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.

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