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Report: Ford to cut salaried jobs at Mich. headquarters

Ford Motor Co. is cutting salaried jobs as part of its $11 billion restructuring plan, the Detroit Free Press reported March 13.

The Michigan-based automaker will cut down on workers in human resources, accounting and administrative support at Ford's headquarters in Dearborn, the newspaper said, citing the company.

The report added that the information technology team in China has seen reductions.

Ford did not respond to request for comment by S&P Global Market Intelligence.

A Ford spokesman did not provide numbers on the job cuts to the Detroit Free Press but said the process will be complete in the second quarter of 2019.

The restructuring will "reduce bureaucracy and empower our leaders" to focus on the most important work, the spokesman told the newspaper.

Ford unveiled its restructuring plan in July 2018, and it is estimated that more than 20,000 jobs will be cut from the automaker's global workforce of 202,000 employees, Bloomberg reported in October.

The plan includes changes to its operations in regional markets. In February, Ford announced that it will exit the heavy truck business in South America.