Ford Cutting 3,000 Jobs In Bid To Lower Costs

About 3,000 workers at Ford Motor Company will lose their jobs as the company cuts costs to help make the long transition from internal combustion vehicles to those powered by batteries.

Leaders of the Dearborn, Michigan, automaker made the announcement Monday in a companywide email, saying that 2,000 full-time salaried workers would be let go along with another 1,000 contract workers.

The cuts represent about 6% of the 31,000 full-time salaried work force in the U.S. and Canada. Ford’s 56,000 union factory workers are not affected. Some workers also will lose jobs in India.

The job losses come at a time of unprecedented change in the auto industry that for more than 100 years has made a living by selling petroleum-powered vehicles. Governments across the globe are pushing to eliminate combustion automobiles to mitigate the impact of climate change. Companies like Ford are orchestrating the wind-down of their combustion businesses over multiple years, even though they are still generating the cash to fund electric vehicle development.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

For Advert Placements, Email: hr@ln247.news

Latest Articles