HomeTechnologyFord cuts nearly 3,000 office jobs to cut costs

Ford cuts nearly 3,000 office jobs to cut costs

Ford Motor Co. is cutting about 3,000 white-collar workers as it tries to cut costs and transition to electric vehicles.

Ford officials in Dearborn, Michigan, announced the decision in an email Monday.

The cuts represent approx. 6% of 31,000 full-time workers in the US and Canada.

Ford’s 56,000 production workers are not affected. Some workers in India will also lose their jobs.

Board Chairman Bill Ford and Chief Executive Officer Jim Farley noted in the email that Ford will provide Benefits Y Significant help for workers to find new jobsadding that the company has the opportunity to lead the new era of electric vehicles.

Building that future requires changing and reshaping virtually every aspect of the way we have operated for over a century,” the email said, adding that this “means redeploying resources and addressing the cost structure, which is not competitive with traditional and new companies.

Farley and Ford justified that they analyzed the change work of each team to decide where the cuts would be made.

The company determined that the cost structure was not competitive with General Motors, Stellantis, and Tesla.

Source: Observadora

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