Ford Cutting Around 3,000 Jobs as It Tackles ‘Uncompetitive’ Cost Structure Amid Soaring Inflation
Ford will be cutting around 3,000 jobs globally, a spokesperson said, with the move coming amid long-running speculation that the automaking giant was looking to reduce headcount as it seeks to address its “uncompetitive” cost structure as inflation has soared.
Cathie Hargett, Manager of Corporate Communications at Ford, told The Epoch Times in an emailed statement that the company plans to reduce 2,000 employee positions and 1,000 agency contractor positions.
Most of the cuts will be in the United States, with a small number in Canada and India.
The moves come as Ford has restructured into three units, including one focused on electric vehicles, and as prices of business inputs like raw materials have soared amid a broader inflationary environment….