Ford cuts 29 office jobs from Philippines

Ford Motor Co. has cut its office staff in the Philippines by 15 percent in a restructuring program, a company official said Monday.

Some 29 employees, including six managers, out of total of 200 office-based staff accepted separation packages under a redundancy program that took effect Nov. 30, Ford Philippines Vice President for Human Resources Emmanuel dela Paz said.

Dela Paz said Ford is doing better in the Philippines this year compared to last year, but the restructuring was in line with a region-wide directive to cut operating costs and make operations more efficient. In the Philippines, the goal is to bring down fixed costs by 20 percent, he said.

Dela Paz said the move was not linked to the slowdown in the United States.

Ford has some 700 people in the Philippines, including office-based employees and 500 plant workers. Only office-based staffers were included in the redundancy program.

Source: CNN Money