Ford Motor is preparing to cut 3,000 jobs as part of a drive to reduce costs and become more competitive amid the auto industry’s transition to electric vehicles.
The company plans to eliminate the jobs of 2,000 salaried workers, mostly in the United States and Canada, and about 1,000 people employed by agencies that work as part of Ford’s operations, Ford told employees in a companywide email on Monday.
“We have an opportunity to lead this exciting new era of connected and electric vehicles,” the email said. Making this transition “means redeploying resources and addressing our cost structure, which is uncompetitive versus traditional and new competitors.”
The email was signed by Ford’s executive chairman, William C. Ford Jr., and its chief executive, Jim Farley. The company has about 31,000 salaried workers in North America.
Mr. Farley has signaled several times this year that the company was preparing to cut jobs and lower costs. The current round of job cuts follows a smaller...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...