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Ford tells employees buyouts are coming as it aims to cut white collar workforce by roughly 1,400

September 2, 2020


Ford Motor told employees Wednesday that it plans to trim its white collar workforce with buyouts for some salaried workers, according to an internal memo seen by CNBC.

The company is hoping to voluntarily eliminate at least 1,400 jobs, spokesman T.R. Reid said. The company told employees it’s targeting salaried employees who are eligible for retirement at the end of the year, according to the memo.

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