Yesterday, it was reported that Ford was set to cut around 10% of its jobs worldwide in a bid to boost profits and shore up its lagging stock price. Today, that number has been revealed – the action will involve a total of 1,400 non-factory jobs in North America and Asia, according to news reports.

The move, which it hopes to complete by the end of September, will see separation packages being offered to salaried employees in a bid to encourage them to take up a voluntary departure. It added that the action will not involve its factory workers and white-collar staff at its production plants, nor will affect its European and South American units.

The offer will be open to around 9,600 workers in the United States, 1,000 in Mexico, 600 in Canada and 4,141 in Asia. Ford said it will release more details and information to employees next month.

Declining sales in the US and poor performing share – which has gone down by 40% since July 2014 – have brought about the need for such action. The company had announced last month it was planning to cut costs by around US$3 billion this year.