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)
F -0.18% premarket to $10.92.
Now read: Why Ford Can't Catch A Break »