Mark Field’s Leaked E-Mail Memo to Ford’s Employees - Announces 15% Cut in Salary Related Costs

In an internal e-mail obtained by the Free Press, Ford’s president of the Americas Mark Fields, announced to the company’s employees that the automaker is accelerating its North America transformation plans to reduce salaried-related costs in by 15% by August 1. Ford’s drastic measures include an unidentified number of involuntary layoffs, eliminating contract workers, not filling open jobs even