The company determined that its cost structure wasn’t competitive with General Motors, Stellantis and Tesla. “It means redeploying resources and addressing our cost structure, which is uncompetitive versus traditional and new companies.”įarley and Ford wrote that the company examined each team’s shifting work to decide where cuts would be made. “Building on this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century,” the email said. They wrote that Ford has a chance to lead in the new era of connected and electric vehicles. 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.įord has said it plans for half of its global production to be electric vehicles by 2030.Įxecutive Chairman Bill Ford and CEO Jim Farley said in the email to employees that Ford will provide severance benefits and significant help for the workers to find new jobs. Governments across the globe are pushing to eliminate combustion automobiles to mitigate the impact of climate change. 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. Some workers also will lose jobs in India. Ford’s 56,000 union factory workers are not affected. The cuts represent about 6% of the 31,000 full-time salaried work force in the the U.S. 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. will lose their jobs as the company cuts costs to help make the long transition from internal combustion vehicles to those powered by batteries. DETROIT (AP) - About 3,000 white-collar workers at Ford Motor Co.
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