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Ford announced layoffs, affecting all three of its business units

Shulou Source: shulou.com Published: 2023-11-24 17:43:49 10月01日 Update

CTOnews.com, June 27 (Xinhua)-- Ford Motor Company confirmed on Monday that it will make layoffs this week to adapt to the company's future development strategy.

The job cuts, which will take place on Tuesday and Wednesday, will mainly affect engineering jobs in the United States and Canada. The job cuts are expected to affect all three of Ford's business units: Ford Blue, the traditional internal combustion engine business, Model e, the electric vehicle unit, and Ford Pro, the fleet services business. The specific number of layoffs and compensation plans have not yet been announced.

A Ford spokesman said the job cuts are part of the restructuring that Ford has been making over the past two years and one of the ongoing work in the future. With the implementation of the Ford + program, the company needs to adjust the skills, responsibilities and numbers of its employees according to different priorities and goals, he said. He stressed that this will be the basis for the company's long-term operation, with the aim of making the business more focused, efficient and responsible, while reducing costs. It is reported that under the leadership of CEO Jim Farley, Ford has been restructuring its business under the "Ford +" plan for many years.

CTOnews.com noted that Ford Motor Company is facing a huge challenge in the automotive industry's transition from fuel to electric vehicles, requiring billions of dollars in technological innovation. At the same time, the company is constantly recruiting new people and adjusting the positions of old employees. In February, Jim Farley said publicly that Ford needed 25% more engineers to do the same job than its competitors. "I can't afford such 25% inefficiency," he said. "

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