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Ford plans to fire 8,000 employees to fund EV production ramp up

Ford plans to fire 8,000 employees to fund its EV plans

Ford plans to lay off 8,000 employees from its Ford Blue unit to fund its planned EV production increase. In a report, Bloomberg said that the car company would start cutting the job over ‘the coming weeks.’

Ford has already started rolling out plans to help it achieve its EV goals (two million vehicles by 2026), including a total restructure in March 2022. The company split into Ford Blue and Model E divisions, with the former focusing on making vehicles with internal combustion engines (ICE). The Model E division was to be dedicated to producing electric vehicles such as the Mach E and F150 Lightning.

However, the latest development indicates that Ford is focusing all its attention on EVs.

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It had also announced that it would find a way to cut $3 billion in costs by 2036, but the Ford Blue department had been its way to do that. It wanted to transform it into a profit and cash engine for the whole company.

How the division would fare with losing 8,000 hands is unclear. Although, it appears that it is not only factory hands that would be affected as some salaried positions would also be cut.

There are still several employees at Ford that can drag the company on, as Engadget reported that it had about 31,000 salaried workers in the US alone.

In a statement, CCO Mark Truby only said: “As part of this, we have laid out clear targets to lower our cost structure to ensure we are lean and fully competitive with the best in the industry.”

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Onwuasoanya Obinna

A reader of books and stringer of words. Passionate about Science and Tech. When not writing or reading he is surfing the web and Tweeting.