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Report: Ford to Cut About 3K Jobs amid Transition to Electric Vehicles
(Brietbart) Ford Motor Company will lay off approximately 3,000 workers to cut costs while transitioning to electric vehicles, the Wall Street Journal reported Monday.
The company’s internal email to employees said it would begin notifying the affected salaried and agency workers in the next few days, according to the newspaper which reviewed the email.
“The workforce reduction mostly targets employees in the U.S., Canada and India. About 2,000 of the targeted cuts will be salaried jobs at the Dearborn, Mich., auto maker. The remaining 1,000 employees are working in contract positions with outside agencies, the company said,” the article continued.
The email reportedly said the company was changing to embrace updated technologies.
Per the Journal article, Chief Executive Jim Farley said Ford had too many employees “and that the existing workforce doesn’t have the expertise needed to transition to a portfolio of electric, software-laden vehicles.”…Read the rest