Ford to cut 7,000 jobs by August, 10% of global salaried staff
New York, May 20: Ford plans to cut 7,000 jobs, or 10 percent of its global salaried workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday.
The downsizing will involve some layoffs and reassignments of white-collar staff and should be complete by the end of August, a Ford spokeswoman said. Ford has been phasing out most sedan models in the United States as more consumers have opted for pickup trucks and sport utility vehicles.
The move, which began last year and follows some job cuts announced earlier in other regions, will lead to 800 layoffs in North America in total, including about 500 this week, said Ford spokeswoman Marisa Bradley.
The company has yet to determine all of the specifics in other regions, she said.
The actions, expected to save about 600 million a year, come as Ford ramps up investment in electric cars and autonomous driving technology, eyeing future growth in those businesses even as current profitability is tied closely to sales of conventional vehicles in North America, including its best-selling F-150 pickup trucks.
"To succeed in our competitive industry, and position Ford to win in a fast-changing future, we must reduce bureaucracy, empower managers, speed decision making, focus on the most valuable work and cut costs," Chief Executive Jim Hackett said in an email to employees.
Ford had 199,000 employees, including unionized workforce, at the end of 2018, down from 202,000 a year earlier, according to securities filings.
Ford in March announced it would eliminate more than 5,000 jobs in Germany. Bradley said Monday's figures included salaried staff in Germany affected by that move but that some of the figures in the German announcement related to hourly staff.
Ford also previously announced moves to exit the commercial heavy truck business in Brazil, restructure its Russia operations and cease production at two plants in that country while ending production at a plant in Bordeaux, France.
Ford had signaled it expected significant job cuts in April 2018 when it announced it would phase out several small models in North America.
"As we have said, Ford is undergoing an organizational redesign process helping us create a more dynamic, agile and empowered workforce, while becoming more fit as a business," Bradley said.
"We understand this is a challenging time for our team but these steps are necessary to position Ford for success today and yet preparing to thrive in the future." General Motors has also undertaken job cuts over the last year for similar reasons, announcing plans to shutter seven plants worldwide, including five in North America.
The GM announcement drew heavy criticism from US and Canadian politicians, including US President Donald Trump. Earlier this month, GM said it was in talks to sell an Ohio plant to Workhorse, a Cincinnati-based company that focuses on producing electric delivery vehicles.
Shares of Ford fell 0.7 percent to 10.22 in midday trading.
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Pamphlet reading ‘Can Buntas tolerate it if Shudras begin to rule us’ sparks controversy in DK
Mangaluru: In the final hours leading up to the Lok Sabha elections in Dakshina Kannada district of Karnataka, a contentious pamphlet circulated by the 'Bunta Brigade' has stirred controversy.
Titled 'Appeal to Bunta voters to ensure victory of Brijesh Chowta of our community', the pamphlet urges members of the Bunta community to rally behind BJP candidate Captain Brijesh Chowta, raising concerns about potential domination by the "Shudra class".
The pamphlet highlights the historical rivalry between the Bunta and Billava communities, with Captain Brijesh Chowta representing the former and Padmaraj Pujari of the Congress representing the latter. The pamphlet speaks about the critical challenge BJP faces in securing votes from the Billava community, traditionally a stronghold of the Congress.
Drawing attention to the perceived threat of Shudra caste rule, the pamphlet questions whether the self-respecting Buntas can tolerate the rule of Shudras. It accuses Janardana Pujari, a former parliamentarian from the Billava community, of diminishing the influence of the Bunta society through his political and business endeavours.
The pamphlet calls for concerted efforts within the Bunta community to ensure the victory of their candidate, emphasising the importance of countering potential vote-buying tactics employed by rival parties.
It urges the Bunta community to mobilise its resources and influence to sway voters towards the BJP, warning against the repercussions of allowing a Shudra candidate to assume power.
The controversial content of the pamphlet has sparked condemnation, with many denouncing its divisive rhetoric and caste-based appeals.
