Ford planning more salaried job cuts


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Last year, Ford laid off about 3,000 workers around the globe, mostly in the U.S. The company said this year it would slash more than 1,000 jobs in China and some 3,800 jobs in Europe over the next three years.

The latest cuts are expected to be on a smaller order of magnitude than those actions, according to one of the sources.

CEO Jim Farley has said Ford needs to rein in costs and look for different kinds of workers as it transitions the business to focus on electrified, connected products and software services. He has said Ford is at a roughly $7 billion cost disadvantage compared to some of its rivals.

The cuts would be the latest in a list of actions by Detroit 3 automakers this year to trim their work forces.

General Motors this year offered buyouts to its salaried work force, and about 5,000 accepted, avoiding layoffs. Stellantis in April announced it would offer buyouts to thousands of hourly and salaried workers.

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Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

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