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Ford to cut 7,000 jobs by August, including 900 this week

Ford Motor Company president and CEO James Hackett

Rebecca Cook | Reuters

Ford Motor said Monday that it is laying off about 7,000 workers, about 10% of its global workforce, as part of a restructuring plan designed to save the No. 2 automaker $600 million annually.

Ford’s CEO Jim Hackett said in an email to employees on Monday that about 2,300 of the jobs being cut are in the United States. 

Read Hackett’s letter to Ford employees here:

This is breaking news. Please check back for updates.

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