News

Ford to eliminate 3,000 jobs in an effort to cut costs

In this article

F

Ford F-150 Lightning at the 2022 New York Auto Show.
Scott Mlyn | CNBC

DETROIT – Ford Motor is cutting about 3,000 jobs from its global workforce, a majority of which are in North America.

The Detroit automaker began notifying workers of the cuts on Monday, a company spokesman confirmed.

The cuts will include 2,000 salaried positions and 1,000 agency jobs in the U.S., Canada and India, Ford Chairman Bill Ford and CEO Jim Farley said in a message to employees that was obtained by CNBC.

“Building this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century. It requires focus, clarity and speed. And, as we have discussed in recent months, it means redeploying resources and addressing our cost structure, which is uncompetitive versus traditional and new competitors,” read the message.

Ford employs about 31,000 salaried workers in North America.

This is a developing story. Check back to CNBC.com for more details.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News