Ford to cut 1,400 jobs in North America, Asia

AFP, NEW YORK: Ford plans to cut 1,400 jobs in North America and Asia as part of a cost-cutting drive as the American auto boom shows signs of fatigue, the automaker said yesterday.
The job cuts are expected to be voluntary through the use of early retirement and separation packages, a Ford spokesman said.
Ford is striving to become "as lean and efficient as possible" and targeting a 10 per cent reduction of salary costs and staffing in North America and Asia Pacific, the spokesman added. The move comes as the multi-year US auto boom begins to ebb. US auto sales in April fell about five per cent compared with a the year-ago period.

Ford to cut 1,400 jobs in North America, Asia

AFP, NEW YORK: Ford plans to cut 1,400 jobs in North America and Asia as part of a cost-cutting drive as the American auto boom shows signs of fatigue, the automaker said yesterday. The job cuts are expected to be voluntary through the use of early retirement and separation packages, a Ford spokesman said. Ford is striving to become as lean and efficient as possible and targeting a 10 per cent reduction of salary costs and staffing in North America and Asia Pacific, the spokesman added. The move comes as the multi-year US auto boom begins to ebb. US auto sales in April fell about five per cent compared with a the year-ago period.