Ford plans to cut up to 8,000 jobs in the coming weeks. For example, the American car maker wants to increase profits and accelerate the switch to electric motors. Bloomberg reports this citing anonymous sources.
In March, Ford split its operations into two business lines: ‘Ford Model e’ focuses on electric cars, ‘Ford Blue’ on cars with combustion engines. It is in that last section where the blows would fall. In addition, operational functions would disappear throughout the company.
The staff reduction is expected to be phased in, according to Bloomberg, and should begin as early as this summer. Most of the jobs would be lost in the United States, where Ford has nearly 31,000 employees. The plans are not yet final, the sources said.
In February, Ford CEO Jim Farley already indicated that Ford employs “too many people” and that slimming down within the company is necessary to make more profit.
Announcing the split of the Ford business in March, Farley said he wants to make Ford Blue “the profit and money engine for the entire company.” The combustion engines must be more profitable to finance Ford’s electric ambitions. The company aims to have two million electric cars roll off the production line by 2026.
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