Ford to cut 1,400 salaried jobs in North America, Asia

DETROIT — Ford is confirming plans to cut 10 per cent of its salaried jobs in North America and the Asia Pacific region this year, about 1,400 positions.

Company spokesman Mike Moran says voluntary early retirement and separation packages will be offered to about 15,300 workers, including 600 in Canada.

He says the automaker expects to meet its job-reduction targets without layoffs.

Ford says the positions to be cut include those in human resources and marketing, but exclude other types of skills such as product development, information technology and plant manufacturing.

More than half of the affected staff are in the United States, which has 9,600 of the eligible positions. Mexico has 1,000 and the Asia-Pacific region including China has 4,141.

The company says it will release more details to employees in June and expects the departures to be done by September.

“We remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities,” Ford said in an email sent to employees early Wednesday.

“Reducing costs and becoming as lean and efficient as possible also remain part of that work.”

Ford’s stock price has fallen nearly 40 per cent over the last three years as investors worry that sales in the U.S., its biggest market, are peaking.

The company is also spending heavily on technology with an uncertain future, like self-driving vehicles. Earlier this year, it announced an investment of US$1 billion over five years in Argo AI, an artificial intelligence startup.

Just Posted

WATCH: Red Deerians can have a say about crime fighting

Municipality will poll citizens about policing priorities

Updated: Red Deer man sentenced to six years for stabbing death

Shane Dion McPhee pleaded guilty to manslaughter for February 2016 slaying

Watch: Pandas on the move

Artist Patrick LaMontagne shows his work in this time lapse video

Watch: Pandas on the move

Artist Patrick LaMontagne shows his work in this time lapse video

Rebels Fan Fest set for Wednesday

Time to cheer on the Rebels; Tickets on sale for WHL playoffs

Uber self-driving vehicle hits, kills pedestrian in Arizona; Company stops tests

TEMPE, Ariz. — Uber says it has suspended all of its self-driving… Continue reading

Tories want debate on 12-month mission to support UN mission in Mali

OTTAWA — Canada’s official Opposition wants a full parliamentary debate on the… Continue reading

Brand of lean ground beef recalled due to possible presence of E. coli

OTTAWA — A brand of lean ground beef is being recalled because… Continue reading

Police chief: 4th bombing shows ‘different level of skill’

AUSTIN, Texas — Texas’ capital city was rocked by the fourth bombing… Continue reading

Lacombe Skating Club presents Broadway on Ice

The Lacombe Figure Skating Club hosted its year-end carnival with a Broadway… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month