Ford Motor Co. is reportedly set to cut at least 1,000 employees in North America, primarily from its engineering department. The company has already begun informing salaried employees about the upcoming job cuts, according to a spokesperson for Ford who spoke to The Wall Street Journal.
Managers reportedly held meetings on Monday to notify affected teams, instructing them to work remotely for the remainder of the week. These Ford layoffs follow recent reports of downsizing at the company, affecting both the electric vehicle (EV) and software division, as well as the gas-engine segment.
This isn’t the first instance of job cuts for Ford, as the company eliminated around 3,000 white-collar and contract positions in August of last year. In January, they also announced the reduction of 3,800 jobs in their European departments. Ford’s counterparts, General Motors and Stellantis (maker of Jeep), have similarly undergone layoffs within their workforce earlier this year.
The need for restructuring comes as Ford anticipates a significant loss of $3 billion in operating profit for its EV business in 2023, as reported by the Journal. While these developments are undoubtedly challenging for the affected employees, Labor Law Advocates is here to provide support and guidance in case of any concerns or potential violations by the employer.
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