The powers in charge at Ford Motor Company are almost finished with a major global restructuring, and by the time it ends in August the automaker will have shed 7,000 white-collar jobs.

The company stated on Monday that the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.

The cut amounts to 10 percent of Ford's global salaried workforce.

In the United States, about 2,300 jobs will be cut through buyouts and layoffs. About 1,500 have already happened and about 500 workers will be let go this week.