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DETROIT (Reuters) - Ford Motor Co.'s (NYSE:F - News) finance arm will slash branches, shift jobs, and add services in an effort to streamline operations, the automaker said on Monday.

Ford Credit, which funds vehicle purchases and leases through Ford dealerships, will pare down its U.S. and Canadian sales operations from 163 to 78 branches, and have them focus on financing all of the company's car brands instead of a few as in the past.

About 30 percent of the 3,100 employees who work at the existing Ford Credit branches and in the regional offices will be asked to relocate or change positions over the next two years as a result of the plan, Ford said.

However, all affected employees will be offered relocation funds if they choose to transfer, and the new organization is expected to have the same number of employees, Ford Credit spokeswoman Melinda Wilson said. No layoffs are planned.

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