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Plans to cut 1,400 salaried jobs in North America and Asia through voluntary early retirement and other financial incentives. Ford is the second largest car dealer in the United States and is currently trying to boost the downturn in stock prices.

With the US stock market crash due to Washington's political turmoil, Ford trading volume burst, fell 2.5% intraday, closing down 1.65% to $ 10.76.

Part of the media reported that Ford may announce a layoff of 20,000 people this week, the buyout proposal is only a small part of the Ford layoff program.

Ford said that layoffs will account for about 15,000 managers and 10% of the total number of other non-production workers, the department will save 10% of labor costs.

Ford said that many salaried workers are not in the layoffs, including product development and Ford Credit (Ford Credit) department staff. Ford Europe or South America is not in the layoffs.

About two-thirds of the proposed buyouts are in North America and the rest are in Asia. Ford does not intend to cut back on time labor or cut production.

Ford will provide financial incentives, including excellent early retirement proposals, to encourage paid employees to leave before the end of September voluntarily. The company spokesman Mike Moran said the company expects to achieve these goals through volunteer proposals.


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