Ford to cut 3,000 jobs to fund shift toward electric vehicles - BNN Bloomberg

Ford Motor Co. said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the US$50 billion it plans to spend on electric vehicles.

Most are coming from Ford’s operations that build traditional internal combustion engine vehicles, which Chief Executive Officer Jim Farley has said he wants to make the “the profit and cash engine for the entire enterprise.” “Building this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century,” Farley and Executive Chairman Bill Ford wrote in a memo to employees Monday. “This is a difficult and emotional time. The people leaving the company this week are friends and coworkers and we want to thank them for all they have contributed.”

52 % of hosers cant afford $1000 at month end No doubt eh....

Thats because the consumer is just fine

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Ford cutting 3,000 workers in U.S. and Canada to lower costs | CBC NewsFord Motor Co. is cutting about 3,000 white-collar jobs as it attempts to lower costs and make the transition from internal combustion to electric vehicles. In related news, Ford hiring 6% more robots. prairiecentrist So, how's that switching all of your production to high-markup SUV's and pickups working out for you? Cutting jobs to fund EVs. Cutting off your nose to spit in your middle classed economic faces. 😆
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Ford Motor Co. cuts 3,000 jobs as it pivots to electric vehicles, softwareFord Motor Co said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India. Well gee. Dont these cars seem to be just doing great things for our world But I thought going green was going to create jobs🤣🤡 Selling cars, that no one can afford and now laying off employees!1
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