DEARBORN, Mich. (AP) — Ford Motor Co. will offer early retirement incentives with hopes of cutting its U.S. white-collar workforce by 1,400 more positions.
President for the Americas Kumar Galhotra told employees about the offers Wednesday morning. The company says they’re part of an $11 billion restructuring plan that started more than a year ago.
Most of the reductions will take place in the area of Dearborn, Michigan, where Ford has its headquarters. A spokesman says Ford expects to meet its goals with the offers.
If it doesn’t, then it may consider involuntary separations. The offers will go to U.S. salaried workers who are eligible to retire as of Dec. 31.
View the letter sent to employees below: