Ford Motor is reportedly planning to implement additional staff cuts for its salaried workers in the United States. The company previously announced cost reduction plans last year and has since made job cuts in North America and India. The new round of layoffs is expected to affect employees in the gas, electric-vehicle, and software divisions, although the exact number of cuts is unknown. Ford has not yet responded to requests for comment. This move by Ford follows similar actions by other automakers, including Stellantis NV and General Motors, who have offered employee buyouts.
Automakers are striving to control costs in their electric vehicle businesses while dealing with inflationary pressures and increased raw material costs. As the demand for environmentally friendly vehicles grows, automakers are focusing on streamlining operations and improving efficiency.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.