Ford contemplates cutting more salaried staff

NBC News Clone summarizes the latest on: Wbna8667637 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

After a disappointing performance in the first half of the year, Ford Motor Co. is considering cutting more salaried workers, a company spokesman said Friday.

After a disappointing performance in the first half of the year, Ford Motor Co. is considering cutting more salaried workers, a company spokesman said Friday.

Ford spokesman Oscar Suris wouldn’t confirm a report in The Wall Street Journal that said Ford could lay off up to 30 percent of its white-collar work force — about 10,500 of its 35,000 salaried workers — in North America over the next few years.

But he noted that earlier this week, Ford Chief Financial Officer Don Leclair said “nothing is off the table” when asked about possible cuts during a conference call to discuss second-quarter earnings.

Ford already has announced plans to reduce its salaried work force in North America by 2,700 people by the end of this year. It also has said it will reduce the use of agency workers and other purchased services by 10 percent.

But Suris said the company, the nation’s second-biggest automaker behind General Motors Corp., is considering more aggressive measures.

“We have operating challenges that include our cost structure and excessive production capacity, and we have plans to address that,” Suris said.

On Wednesday, Dearborn-based Ford said it earned $946 million in the April-June period versus a profit of $1.17 billion last year. But it lost more than $900 million in North America.

×
AdBlock Detected!
Please disable it to support our content.

Related Articles

Donald Trump Presidency Updates - Politics and Government | NBC News Clone | Inflation Rates 2025 Analysis - Business and Economy | NBC News Clone | Latest Vaccine Developments - Health and Medicine | NBC News Clone | Ukraine Russia Conflict Updates - World News | NBC News Clone | Openai Chatgpt News - Technology and Innovation | NBC News Clone | 2024 Paris Games Highlights - Sports and Recreation | NBC News Clone | Extreme Weather Events - Weather and Climate | NBC News Clone | Hollywood Updates - Entertainment and Celebrity | NBC News Clone | Government Transparency - Investigations and Analysis | NBC News Clone | Community Stories - Local News and Communities | NBC News Clone