Ford Motor Co. is cutting about 5% of its U.S. salaried workers as part of a sweeping reorganization, which could include layoffs, in a move to help the automaker reverse its declining fortunes.
The automaker is offering its white-collar workers buyouts to try to achieve staff cuts of 1,400 positions as part of a global overhaul designed to make the company more competitive and profitable. Ford expects its first full-year loss in a decade this year.
