Ford will begin another round of layoffs this week impacting jobs in the U.S. and Canada, the automaker confirmed to FOX Business on Tuesday.
While the company did not disclose how many employees would lose their jobs, Ford spokesperson T.R. Reid said the actions are related to the manufacturer’s growth plan introduced in 2021, which Ford has been increasingly implementing over the past year.
One year after Ford confirmed construction of the Rouge Electric Vehicle Center in Dearborn, Mich., the first Ford F-150 Lightning pre-production units begin leaving the factory. Pre-production model shown. (Ford / Fox News)
"Delivering on the plan includes adjusting staffing to match focused priorities and ambitions, while raising quality and lowering costs," he added. "What we’re doing this week in the U.S. and Canada is mostly, but not only, related to engineering roles. People affected by the changes will be offered severance pay, benefits and significant help to find new career opportunities."
In May, the Detroit manufacturer said it anticipated restructuring charges between $1.5 billion and $2 billion over 2023.
Earlier this year, the automaker announced it was beginning a 3,800-person reduction in its European workforce.
Ford CEO Jim Farley pats a Ford F-150 Lightning truck before announcing at a press conference that Ford Motor Company will be partnering with Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 (Bill Pugliano/Getty Images)
Amid reports of further job cuts, Ford has been hit with a string of product recalls involving millions of vehicles including trucks and SUVs with missing information in the owners’ manuals, to vehicles susceptible to engine fires, faulty seatbelts and airbags.
Despite the setbacks, the automaker reported higher truck sales in May and the exportation of the company’s signature electric F-150 Lightning pickup truck to Norway.
Meanwhile, shares of Ford are up across the board, rising roughly 22% since Jan. 1.
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