You are now at: Home » News » BATTERY » News » Industry News » Content

Ford to cut 1,000 jobs in North America: report

Large  Small Date:2020-09-02  From:Bloomberg
Note: Ford plans to cut 1,000 jobs in North America as part of an $11 billion global restructuring plan that was launched two years ago, Bloomberg News reported.
Ford plans to cut 1,000 jobs in North America as part of an $11 billion global restructuring plan that was launched two years ago, Bloomberg News reported. 
 
The American automaker’s restructuring plan is not related to the economic downturn caused by the coronavirus pandemic, people familiar with the decision told Bloomberg News. The job cuts could be announced as early as this week.
 
Ford’s reorganization efforts come as the company attempts to reach what CEO Jim Hackett calls financial “fitness.” Last year, the U.S. company closed plants and cut thousands of jobs in Europe.
 
The North American cuts are expected to be smaller and come in the form of voluntary buyouts, Bloomberg News reported. The new cuts are expected to be in addition to 2,300 previously announced salaried job reductions in the U.S. during Hackett’s tenure.
 
Ford removed 7,000 salaried positions around the world in 2019 as it began its global restructuring and expected to save $600 million per year. At the end of last year, Ford employed 190,000 people.
 
These job cuts come as the current CEO is planning to retire. Incoming CEO Jim Farley will take over Oct. 1. The plans were first reported by StreetInsider.com.
 
 
[ NewsSearch ]  [ Add to Favourite ]  [ Publicity ]  [ Print ]  [ Close ]

 

 


Copyright © Shanghai Xinluo Network Technology Co.,Ltd
Address: 1203 Hengrui International Building,560 Zhang Yang road, Pudong New Area , Shanghai
The customer service telephone: +86 18601625902
E-mail: peter@iccsino.com   沪ICP备11004255号-3
Wechat: 18601625902

Scan to Wechat

Scan to APP