Report: Ford set to announce additional round of layoffs, affecting salaried employees

Ford Motor Co. is making preparations for a forthcoming round of layoffs, which is expected to impact salaried workers in the U.S., particularly those in the electric vehicle (EV) and software divisions, as well as employees in the gas-engine side of the business. Sources informed the Wall Street Journal about these upcoming layoffs. The decision to downsize is part of the company’s ongoing effort to manage their business, align their global staffing with future plans, and maintain competitiveness as the industry evolves.

Last August, Ford implemented another round of layoffs that affected 3,000 white-collar and contract employees. Additionally, earlier this year, the company announced its intention to cut 3,800 jobs in Europe. These moves are in line with Ford’s strategy to align their staffing with the skills and expertise necessary to execute their Ford+ growth plan and deliver leading products and services.

Ford now joins other automotive competitors, such as General Motors and Stellantis (parent company of Jeep), who have also announced layoffs within their workforce earlier this year. This decision coincides with Ford’s increased focus on electric vehicle products, as they have committed to investing $50 billion worldwide by 2026 to advance this new direction. The company also plans to internally restructure its operations, effectively separating the gas-engine business from the EV and software-focused divisions.

By implementing these measures, Ford aims to position itself strategically in the evolving automotive industry while demonstrating its commitment to innovation and sustainable mobility.

Reference

Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
DMCA compliant image

Leave a Comment