Ford 'set to announce up to 550 job losses' in the UK.

Ford is reported to be planning cuts in the UK.
Photo: Kris Tripplaar/SIPA USA/PA Images

The US carmaker Ford is reported to be planning significant cutbacks to its white-collar workforce in the UK, with an announcement expected within weeks.

A source told City AM the car giant would offer up to 550 office staff voluntary redundancies at its Essex office.

A Ford spokesman confirmed the offer of redundancies, but  told Yahoo Finance UK the number of affected staff in Britain was “still to be determined. ” He did not confirm which staff would be affected.

City AM suggests the shakeup is not expected to affect thousands of Ford employees at its manufacturing plants.

The spokesman said the redundancies were linked to a major turnaround project first announced in January, with the aim of returning Ford to “sustainable profitability” in Europe.

By Tom Belger.

Full story at Yahoo News.