The No 2 US carmaker said it will cut 10,000 administration jobs on top of the 4,000 jobs already lost this year.
Ford also said it will close 16 facilities in North America, up from the 14 already announced in January, and most will now be closed by 2008 instead of 2012. It has only named 11 of the doomed plants.
All of Ford's 75,000 factory workers are being offered buyouts under a deal with the United Auto Workers union.
Ford hopes to lose 30,000 factory jobs by 2008.
The car manufacturer has been facing a steady loss of market share to Asian rivals and has been slow to adapt to a consumer shift away from large, fuel-guzzling sports utility vehicles.
The steps were the latest sign of the financial stress on the traditional Big Three.
General Motors Corp is on track to shutter 12 plants and cut $A11.95 billion in recurring costs as part of its turnaround plan.
DaimlerChrysler AG's Chrysler Group said today it could lose about $A1.69 billion this year, a much deeper loss than it forecast in July because of mounting inventory and slower truck and SUV sales.
Ford warned that its North American operations will not post a full-year profit before 2009, a year later than first projected.
But the company expects its South American and European operations to be
"solidly profitable" in 2006, but full-year losses were seen for the Asia-Pacific and African regions and its European section the Premier Automotive Group, which includes Aston Martin, Jaguar and Land Rover.
Ford, which recently announced plans to sell Aston Martin, said it had no plans to sell Jaguar or to further consolidate its operations.