NEW YORK (CNNMoney.com) -- Ford is expected to begin reviewing a plan Wednesday to cut the staffing and benefit costs of its white collar workers by a third, according to the Wall Street Journal.

The plan, part of an overall restructuring effort, will also review a new vehicle pricing strategy, the newspaper reported.

Ford's (Charts) staff cuts are expected to hit the managers and supervisors the hardest while impacting lower-paid salaried workers less, the Journal reported.

Details of the plan may be made available to the public by Friday. The troubled automaker, second after competitor GM (Charts), has felt more pressure to announce reforms after it turned in a $254 million second quarter loss, according to the newspaper.

A spokesperson of the company declined to comment on the news report, saying only that Ford had previously announced it would discuss its restructuring plans some time in September.

Ford hopes that it can lower production and cut costs enough to allow it to lure customers with larger discounts, the newspaper reported.

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Ford said to eye new job cuts

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