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Ford plans to cut 1,400 U.S. jobs by year-end

2020-09-02T17:48:21.941Z


This austerity cure aims to save Ford a total of $ 11 billion and provides for a voluntary departure plan for employees entitled to retire on December 31, 2020.


U.S. automaker Ford on Tuesday said it expects to cut 1,400 U.S. jobs by the end of the year as part of a massive restructuring program.

Read also: New car sales increased by almost 4% in July

In an internal memo sent to the employees of the group and consulted by AFP, the president of Ford North America, Kumar Galhotra, explains that the company is "

in a multi-year process whose goal is to make Ford more competent and more efficient around the world

”.

We have updated our priorities for certain products and services and we are adjusting our workforce to better align with our new professional goals

,” he adds.

This austerity cure, which aims to save Ford a total of $ 11 billion, provides for a voluntary departure plan for employees entitled to retire on December 31, 2020. Like other major American automakers, Ford has suffered from the consequences of the Covid-19 pandemic, which caused vehicle sales to fall in the second quarter and led to the temporary closure of several factories.

Read also: The French car market falls back into the red in August

The Dearborn, Michigan group, however, resisted the pandemic better than expected, ensuring it had enough cash to cope with a drop in global demand for cars or a new wave of plant closures.

At the beginning of August, Ford announced the replacement of its general manager Jim Hackett, in office since 2017. The current director of operations, Jim Farley, will succeed him in October.

Source: lefigaro

All business articles on 2020-09-02

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