Ford to cut salaried jobs in North America and Asia

|About: Ford Motor Company (F)|By:, SA News Editor

Ford (NYSE:F) tells Bloomberg in an e-mailed statement that it sees 1,400 salaried positions in North America and Asia Pacific impacted by a job reduction initiative aimed at an overall reduction of 10% in the regions.

The company will use early retirement and special separation packages in lightening its workforce.

Previously: Ford planning major job cuts - WSJ (May 15)

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