Ford is cutting 7,000 white-collar jobs

DETROIT — Ford is almost finished with a major global restructuring and by the time it ends in August the automaker will have shed 7,000 white-collar jobs.

The company said Monday that the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.

The cut amounts to 10 per cent of Ford’s global salaried workforce.