Ford Cutting 7,000 Salaried Jobs in Restructuring

The CEO of Ford, Jim Hackett, announced a major restructuring plan aimed at stabilizing the company globally. This plan includes significant job cuts, reducing the workforce by 7,000 globally, and is part of a long-term strategy to focus on profitability over market share. The restructuring affects regions like North America, China, Europe, and South America, with factory closures in Brazil and Europe. The company aims to save $600 million through these changes.

Which regions have been mentioned as affected by the job cuts?

What financial savings does the company expect to achieve through these job cuts?