We've spent the morning checking out the leaked e-mail from Mark "Mullet" Fields to white-collar staff at Ford calling for another 15% reduction in costs associated with salaried work force. Yes, you heard that right — "costs associated with salaried work force." That doesn't mean a 15% cut in the salaried work force, but rather they'll seek some form of cost savings first. You know, the unimportant stuff like going from two-ply toilet paper to one-ply, air conditioning limited from two hours a day to one, further cutting the number of subscriptions to Automotive News and limiting corporate jet use. OK, we don't think that's really going to happen. Mostly because they've already done that. What this more than likely this means is that if you work at the big blue oval (still), look for suspension of the popular U.S. Salaried Tuition Assistance Program, the Salaried Dependent Scholarship Program and other useless perks. There may even be some salary cuts to go along with them. That's not to say there won't be job cuts, oh no. If those leaked rumors we'd heard from the meeting with Jim Farley are to be believed, there may be a 10-12% cut in salaried staff. If that's the case then they're only talking about a 3-5% cut in "other cuts." Gulp. Happy Friday. Full leaked e-mail below the jump.
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