Ford To Slash Up To 12% Of White-Collar Jobs?

Bryce Hoffman over at the Detroit News is reporting this morning Ford plans to involuntarily cut between 10% and 12% of its U.S. salaried work force. That's "involuntary" as in "canned," "fired" or "booted." According to Bryce "B-Boy" Hoffman, senior employees in Ford's sales, marketing and service division were told the news by Madeline Eason, head of human resources for the division during a division-wide "town hall" meeting with Veep Jim Farley on Friday morning. Farley also said the company may take a hard look at the merit increases it usually gives salaried employees in July. Probably a good idea.

Farley reportedly called the reason for the change to Ford's current way forward — "a structural change to our economy." We'd call it Ford "ignoring reality and discarding a structural change to their vehicle mix." While of course we've no independent confirmation to confirm these rumors other than the report from the News, it doesn't surprise us in the least. We're actually wondering why it took them so long to get to this point. [Detroit News]