Ford is getting ready for a brand new spherical of layoffs for its salaried employees in the USA, the Wall Road Journal reported on Thursday, citing individuals conversant in the matter.
The corporate in March final 12 months introduced plans to scale back structural prices of as much as $3 billion at its gas-powered car unit. In August, Ford stated it will minimize a complete of three,000 salaried and contract jobs, principally in North America and India.
Based on the WSJ report, the brand new spherical of layoffs is anticipated to have an effect on workers on the Detroit automaker’s gasoline, electric-vehicle and software program divisions, however the variety of cuts couldn’t be discovered.
Ford didn’t instantly reply to a Reuters request for remark.
The automaker’s newest effort to streamline its operations comes after friends Stellantis and Common Motors stated they have been providing worker buyouts.
Worth hikes and robust demand for brand new automobiles have helped automakers counter some inflationary headwinds, although greater prices of uncooked materials stay a problem.
Automakers have additionally been making an attempt to regulate prices at their expensive-to-run electrical car companies, a spotlight space for the trade as environmental-friendly automobiles drift into the mainstream.
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