Ford may axe thousands of jobs as it switches to electric, according to US media

According to reports in American media on Wednesday, American automaker Ford is getting ready to axe several thousand jobs in order to cut costs and accelerate the switch to electric vehicles.

The Wall Street Journal, which cited sources familiar with the situation, reported that the organisation is anticipated to announce the termination of more than 4,000 employees in the upcoming weeks.

According to the report, factory workers shouldn’t be impacted.

According to Bloomberg, up to 8,000 employment could be impacted.

Agence France-Presse (AFP) contacted Ford, but a representative declined to comment on “speculation.”

On Thursday, however, the firm has set a conference call to provide an update on its strategy for switching to electric vehicles.

Ford said in a statement that “key leaders will discuss how the firm is expanding its industrial system to reach a global production run rate of 600,000 EVs, growing to more than 2 million EVs annually global run rate by 2026.”

The spokesperson for the company said in his message, “As we’ve said many times, to deliver our Ford+ transformation and lead an exciting and disruptive new era of electric and connected vehicles, we’re reshaping our work and modernising our organisation across all of the automotive business units and the entire company.

To be lean and completely competitive with the finest in the market, “we’ve laid out clear targets for our cost structure.”

Traditional automakers have increased the manufacturing of their electric vehicles in recent years in response to competition from Tesla and other newcomers.

Ford Model e is a new dedicated company that was introduced by Ford in March.

It stated at the time that it intended to spend $50 billion and produce 2 million electric vehicles annually by 2026, or one-third of its total global production.

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