Tim Conway Jr

Tim Conway Jr

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Ford Cutting 3,000 Jobs In North America

Ford Motor Co. is cutting another 3,000 jobs, the automaker announced on Monday.

  • In a companywide email, Ford leadership said that 2,000 full-time salaried workers, and another 1,000 contract workers, would be let go.
  • The cuts make up roughly 6% of Ford's full-time salaried work force, and do not include any union factory workers.
  • Ford has been cutting costs and trimming payroll as it transitions to electric vehicles - which will make up 50% of the company's output by the end of the decade.
  • Why are so many auto makers pivoting to electric vehicles?

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