US automaker Ford on Wednesday announced it would offer around 1,400 voluntary retirement packages as it aims to cut staff amid a shakeup in leadership and struggles with profitability.
In a memo to employees, Kumar Galhotra, president of the carmaker’s Americas operations, said the voluntary retirements were part of “a multiyear process of making Ford more fit and effective around the world.
“We have reprioritised certain products and services and are adjusting our staffing to better align with our new work statement,” Galhotra said.A company spokesman said the retirements were aimed at 1,400 workers based in the United States. Workers accepted in the program will leave the company by the end of the year.