Ford Motor Co. will reportedly lay off some 8,000 workers in the months ahead to cut profits and redistribute resources toward developing electric vehicles.
may be planning to lay off as many as 8,000 workers to invest more resources into electric vehicle development, a new report claims.
A source familiar with the matter told Bloomberg the potential move is part of the company’s plan to cut $3 billion in operational costs from its gas-powered business operations and boost profits. The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, on Jan. 15, 2019.
These cuts would come from the Ford Blue division, a unit that handles the company’s internal combustion engine vehicles, as well as salaried positions. The cuts, according to the source, would come in phases, beginning this summer. Ford has about 31,000 salaried workers in the United States, where most of the cuts are expected, the report says.
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