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Ford cutting 1,400 US salaried jobs with retirement offers

CORRECTS TO 15% TO $34.3 BILLION NOT NEARLY 16% TO $31.3 BILLION FILE - In this Oct. 20, 2019, file photo, the company logo stands over a long row of unsold vehicles at a Ford dealership in Littleton, Colo. Ford Motor Co. posted a $2 billion first-quarter net loss, blaming nearly all of it on the negative effects of the coronavirus. The automaker said Tuesday, April 28, 2020 that its revenue from January through March fell nearly 15% to $34.3 billion as most of its factories were shut down for the final week of the quarter. (AP Photo/David Zalubowski, File)
by: WRTV Staff
Posted: / Updated:

DEARBORN, Mich. (AP) — Ford Motor Co. will offer early retirement incentives with hopes of cutting its U.S. white-collar workforce by 1,400 more positions.

President for the Americas Kumar Galhotra told employees about the offers Wednesday morning.

The company says they’re part of an $11 billion restructuring plan that started more than a year ago.

Most of the reductions will take place in the area of Dearborn, Michigan, where Ford has its headquarters.

A spokesman says Ford expects to meet its goals with the offers.

If it doesn’t, then it may consider involuntary separations. The offers will go to U.S. salaried workers who are eligible to retire as of Dec. 31.

View the letter sent to employees below:

U.S. Voluntary Incentive Program Message 9.2.2020 by WXYZ-TV Channel 7 Detroit on Scribd

This story was first reported by WXYZ in Detroit, Michigan.

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