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Ford plans to cut 1,000 salaried jobs in North America

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Jim Hackett, president and chief executive officer of Ford Motor Co., right, speaks as Jim Farley, president of global markets, stands next to a 2020 Ford Motor Co. Explorer sport utility vehicle (SUV) during a reveal event in Detroit, Michigan, U.S., on Wednesday, Jan. 9, 2019.

Jeff Kowalsky | Bloomberg | Getty Images

Ford Motor reportedly plans to cut about 1,000 salaried jobs in North America as it tries to execute an $11 billion restructuring plan that has failed to meet Wall Street’s expectations.

The planned reduction, reported by Bloomberg, comes as the company is expected to report its first annual operating loss in a decade. It also follows thousands of previous job cuts under…



Source cnbc.com

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