Published 2 years ago

Ford to cut up to 8,000 jobs amid electric vehicle push

Summary by Ground News

Ford Motor Co. is preparing to cut as many as 8,000 jobs in the coming weeks. The automaker is trying to boost profits to fund its push into the electric vehicle market. The move would mark a significant step in Chief Executive Officer Jim Farley's plan to cut $3 billion of costs by 2026.

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Times of India

Ford to cut thousands of jobs in transition to electric: US media

The group is expected to announce the elimination of more than 4,000 jobs in the coming weeks, according to the Wall Street Journal, which cited people close to the matter.

2 years ago·India

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The Independent

Ford will cut thousands of jobs in transition to electric vehicles

Losses could come in newly created ‘Ford Blue’ unit, report says

2 years ago·London, United Kingdom

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Reuters

US Ford plans to reduce up to 8,000 people = news agency

[20th Reuters] - US automobile giant Ford Motor plans to reduce personnel by up to 8,000 people in the coming weeks to reduce costs and strengthen its electric vehicle (EV) business. The news agency Bloomberg News reported on the 20th as a story of related sources. It is said that personnel reductions are expected in the department “Ford Blue,” which was established in March to operate the internal combustion engine business, etc. Details have n…

2 years ago·United Kingdom

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NDTV

Ford To Cut Thousands Of Jobs In Transition To Electric: Report

US carmaker Ford is preparing to cut several thousand jobs to reduce costs and intensify its transition to electric vehicles, US media reported on Wednesday.

2 years ago·New Delhi, India

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USA Today

Ford reportedly preparing to slash 8,000 jobs to help fund EV transition

Ford is said to be preparing to cut thousands of jobs, mostly in the U.S., from its salaried ranks to slash costs and help it launch its EV business.

2 years ago·United States

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CBS Local

Ford To Cut 8,000 Jobs To Fund Its EV Efforts, Report Says

(CBS DETROIT) — Ford Motor Company is planning to cut thousands of jobs, a news report says.According to Bloomberg on Wednesday, Ford plans to eliminate up to 8,000 jobs. The report, which cited unnamed sources, did not mention how many of those jobs are in Michigan.The cuts, expected to begin sometime this summer, will reportedly come among salaried ranks and will largely affect the newly created Ford Blue unit that makes gas-powered vehicles.F…

2 years ago·United States

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