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(WWJ) Hundreds of job cuts are on the way at Ford Motor Co.
A letter sent to employees Wednesday morning says Ford is going to reduce its U.S. salaried workforce by about 1,400 workers through a "voluntary incentive program."
The automaker says the move is part of a multi-year cost-reduction program announced last year, when Ford said it aimed to cut a total of 7,000 jobs. The goal is to increase the company's global fitness and effectiveness, while re-prioritizing products and services. Ford will focus on eliminating areas of the business that no longer work, while accelerating investments in new technologies.
A Ford spokesman said the company is hopeful that it will meet its goals through the voluntary program. However, if the targets are not met, "involuntary separations may also be required."
The program will open next Tuesday, Sept. 8, and offers must be accepted within 45 days.