According to an internal email sent to employees, Ford Motor Co. plans to cut about 3,000 jobs, a move that will affect salaried and contract workers. The company did not specify where the cuts would be made or how many 202,000 employees would lose their jobs. The announcement comes as Ford continues to struggle with declining sales in North America, where it is based.

Ford Motor is finishing its restructuring of the Blue Oval by cutting about 3,000 jobs. According to an internal memo sent to employees, the cuts will affect salaried and contract workers. Automotive News was the first to report it, though we have also confirmed the move with Ford's PR team. A letter from Ford CEO Jim Farley and Chairman Bill Ford to employees about the layoffs comes at a time when many have expected such job cuts in recent months.

Credit: CNBC

Dear Colleagues, We want to thank you for your dedication and commitment to helping us transform our business. And that is why we need to take action now. Today, we are announcing that we will be eliminating approximately 7,000 jobs in North America and another 2,000 globally. These cuts are focused on salaried positions and the number of contract employees will remain the same.