Ford will cut around 3,000 jobs as part of the transition to electric vehicles

Ford Motor Company to lay off around 3,000 workers to cut costs as it transitions to electric vehicles, the the wall street journal reported Monday.

The company’s internal email to employees said it would begin notifying affected employees and temps in the coming days, according to the newspaper that reviewed the email.

“The downsizing primarily targets employees in the United States, Canada and India. About 2,000 of the targeted cuts will be salaried jobs at the Dearborn, Michigan automaker. The remaining 1,000 employees are in contract positions with outside agencies, the company said,” the article continued.

The email reportedly said the company was changing to adopt updated technologies.

Speak Log article, chief executive Jim Farley said Ford had too many employees “and the existing workforce lacks the expertise to transition to a portfolio of software-laden electric vehicles.”

Ford recently raised starting prices for its F-150 Lightning electric truck by more than $8,000 due to rising material costs and additional factors.

“The 2023 F-150 Lightning will now range from $47,000 to $97,000, compared to around $40,000 to $92,000 for the 2022 model. Ford is the latest in a long line of automakers to raise the prices of their electric vehicles amid rising inflation and rising development costs,” Breitbart News reported on August 10.

Joe Biden drives the new electric Ford F-150 Lightning at the Ford Dearborn Development Center in Dearborn, Michigan on May 18, 2021. (Photo by NICHOLAS KAMM/AFP via Getty Images)

However, earlier this year, President Joe Biden encouraged citizens to buy electric cars to avoid soaring prices at the gas pump while promising to continue to pursue green energy.

“The president also urged oil companies to produce more from their existing federal oil concessions, but said he would not back down on environmental standards or the pursuit of green energy,” Breitbart News reported.

The Log The report continued: “Ford is pumping money into electric vehicles in a bid to close the sales gap with Tesla Inc. The company said it will spend about $50 billion through 2026 to develop the electricity, targeting global sales of two million by then.”

Last year, Ford reportedly planned to move a $900 million investment from a plant in Ohio to a site in Mexico, according to the United Auto Workers (UAW) union at the time.

However, the recent Log report did not say that jobs were being lost in Mexico.


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