Ford has announced plans to cut 10 percent of its salaried workforce in North America and Asia as it looks to boost profits and its sliding stock price.
According to Reuters, Ford plans to offer generous early retirement packages to workers it wants to let off as it looks to reduce its salaried workforce by the start of the final quarter of 2017.
Ford's plans to let go off of 10 percent of its salaried workforce is part of a previously announced plan to slash costs by $3 billion as US sales show signs of a slowdown after 7 years of continuous growth following the Great Recession at the end of the first decade of the 21st century.
Ford's plans to cut 10 percent of its salaried workforce in North America could put the American automotive giant in direct opposition to President Trump's attempts to bring more jobs to Detroit's auto factories.
Ford currently employs 30,000 salaried workers in The United States, who are a part of over 200,000 salaried workers worldwide.