Ford to cut around 3,000 jobs in U.S. and Canada

The big picture: Ford first announced the cuts in an email to employees that was reviewed by the Wall Street Journal.

• In the email, the company said it would begin notifying affected workers this week.
• About 2,000 of the cuts will be salaried jobs at Ford, while the remaining 1,000 will be contract positions with outside agencies, primarily in North America.

What they're saying: “Building this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century,” Ford CEO Jim Farley executive chairman Bill Ford said in the email.

• "None of this changes the fact that this is a difficult and emotional time. The people leaving the company this week are friends and coworkers and we want to thank them for all they have contributed to Ford," he added.
• "We have a duty to care for and support those affected — and we will live up to this duty — providing not only benefits but significant help to find new career opportunities."

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Editor's note: This story has been updated with new details throughout.