Ford is cutting 3,000 white collar jobs as it prepares to shift from traditional internal combustion engine vehicles to electric vehicles.
Two thousand of the jobs are salaried positions and another 1,000 are contractors, Ford (F) said. Affected employees will be notified they are losing their jobs later this week.
“Building this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century,” CEO Jim Farley and executive chairman Bill Ford wrote in a message to Ford employees first reported by Automotive News. “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.”
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