Ford Motor Co. will trim its annual information technology budget by $300 million, or by about 20 percent. The automaker said Tuesday the decision is part of its restructuring plan.
"This is not targeted at IT," said Paul Wood, Ford spokesman. "This is part of a broader company-wide effort to accelerate our revitalization plans."
Ford has about 6,000 IT employees, of whom 2,800 are contract workers. According to a Detroit News report, some contract employees will lose their jobs, but full-time IT employees will not be targeted.
The Detroit News reported that a memo from Ford executive vice presidents Jim Padilla and David Thursfield, distributed last week to Ford vice presidents, said final decisions will be made in April on what IT projects would be cut.