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Ford
said the cuts would amount to about 10 percent of a group of
15,000 salaried workers. The company said a large group of
salaried workers would not be covered by the planned cuts,
including those in product develop and in the Ford Credit unit.
The cuts will not apply to Ford's Europe or South America units.
About two-thirds of the planned cuts are in North America and
the rest in Asia. Ford does not plan to cut hourly workers or
production.
The automaker will offer financial incentives to encourage
salaried employees to depart voluntarily, including generous
early retirement offers, a person briefed on the plan said.
In 2016, Ford cut hundreds of white-collar jobs in Europe to
reduce costs by $200 million annually.
Ford stock was little changed in premarket trading on Wednesday.
The shares are down nearly 40 percent since Mark Fields took
over as chief executive officer in July 2014.
The Detroit automakers have been under pressure from U.S.
President Donald Trump to add jobs in the United States, but
declining U.S. sales and stalled share values are exerting a
stronger force.
Ford said in January it was cancelling a planned Mexico plant
and adding 700 jobs in Michigan.
Last month it announced plans to cut costs by $3 billion in
2017. Automakers are trimming costs as they brace for slowing
auto sales.
General Motors Co (GM.N) has cut more than 4,000 U.S. jobs since
November, and moved to conserve capital by shedding its European
operations and closing unprofitable operations in Asia.
(Reporting by David Shepardson; Editing by Jeffrey Benkoe)
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