Ford (F) will be cutting 15% of its white collar expenses before August 15.
According to Reuters, Ford said "We told employees today we are going to cut salaried work force-related expenses by 15 percent and complete the actions by August 1."
Oddly enough, the CEO will not be taking a pay cut, and chairman Bill Ford, who almost wrecked the company, will also still be around.
Douglas A. McIntyre
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