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After the recession hit the auto industry, Ford has made the difficult decision to transition from internal combustion engines to electric cars. The change will result in the elimination of about 2,000 salaried workers and about 1,000 agency employees. The company will use the profits from diesel and gas-engine vehicles to pay for the transition. The transition will require a large amount of improvements to the vehicles’ operating efficiency.
Ford to eliminate 2,000 salaried workers
As it prepares to transition to a new era of connected vehicles, Ford Motor Co. is cutting costs. The automaker announced in a companywide email that it is laying off 2,000 salaried workers and 1,000 contract workers. The company will offer severance pay to affected employees and significant help finding new positions. Ford is aiming to build two million electric vehicles annually by 2026 and currently employs 31,000 salaried workers in the U.S.
The company has announced plans to cut around 3,000 jobs in a restructuring that will affect the entire organization. These job cuts are primarily affecting companies in Michigan and the metro Detroit area. The cuts will not affect the 56,000 unionized workers who will remain with the company. However, it will reduce the number of people working in the auto industry. It is reducing the number of salaried jobs to cut costs by focusing on electric vehicles.
In addition to the cuts at the Ford Manufacturing Company, executives have also been reorganizing the company in Europe, Asia and India. The automaker has repeatedly said that it has too many employees and needs to reduce costs in order to transition to electric vehicles faster. Executives on an earnings conference call in July said that Ford’s cost structure is too complex and employees hold too many positions.
About 1,000 agency personnel
In a letter sent to its employees, Ford Motor Company announced it will be cutting 3,000 jobs, including 2,000 salaried positions and 1,000 agency positions. The cuts are part of an overall restructuring and a sharper focus on electric vehicles. The letter explains that the company needs to simplify and reorganize its functions, and that the reductions are necessary to achieve that goal. The announcement comes at a time when governments around the world are putting more pressure on Ford to transition to electric vehicles.
The automaker is attempting to streamline its operations and cut costs to remain competitive with Tesla Inc., which is developing software-driven electric vehicles. The changes will affect the company’s workforce in North America and parts of Asia, according to a news release. In addition, executives said the company would provide significant help to affected employees in finding new jobs. The layoffs are expected to begin this week.
While Ford is cutting costs, it is focusing on improving efficiency in the manufacturing of electric vehicles. The company plans to cut a total of 3,000 full-time salaried and contract employees over the next several years, but it is not affecting the 56,000 union factory workers. The move comes amid a global push to eliminate combustion cars to fight climate change. Ford is transitioning to an electric vehicle-powered future by 2030, with half of its sales coming from electric vehicles by 2030.
2,000 salaried workers
The company is planning to cut 2,000 salaried jobs in Dearborn, Michigan and 1,000 positions through external agencies as it accelerates its transition to electric vehicles. The company is expected to begin notification efforts this week. The reduction of its global workforce is not unexpected. It’s part of the automaker’s restructuring, and it’s a natural step for a company in such a rapidly changing industry.
The move comes as a part of the company’s ongoing restructuring effort to catch up with Tesla Inc., which has transitioned to manufacturing batteries and developing software-driven electric vehicles. The company estimates that it will employ about 183,000 people globally at the end of 2021. While this is a big change, it is also an opportunity for the company to improve its workforce’s skills.
While this may sound like a large number of layoffs, the changes are necessary for the automaker. The company has too many employees and is looking for ways to reduce costs. The company wants to transition to electric vehicles in order to lower its cost burden. The company’s executives have promised to offer significant help to layoffs and help them find new jobs. Although the layoffs may feel painful to many workers, Ford executives are confident that the move will allow the company to lead the transition to a future powered by electricity.