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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Primary accused in 96.6 pc POCSO cases were close acquaintances: NCRB
New Delhi (PTI): In 96.6 per cent of 44,126 cases of sexual abuse of minors, close acquaintances have emerged as the primary offenders, according to the latest data released by the NCRB.
In its report 'Crime in India 2024' released by the National Crime Records Bureau (NCRB), 44,126 total cases have been registered under the Prevention of Children from Sexual Offences (POCSO) Act under Sections 4 and 6 which pertain to penetrative sexual assault on minors during the year across the country.
The figures present a grim picture as close acquaintances emerged as primary accused in 42,634 (around 96.6 per cent) of the 44,126 total cases falling in that category, according to the latest NCRB data.
The data shows that family members were involved in 3,658 cases, while family friends, neighbours, employers or other known persons were named in 16,668 cases.
The largest share came from friends, online friends or live-in partners acting on the pretext of marriage, with 22,308 cases.
Cases where the offender was unknown or not identified stood at mere 1,492, or 3.4 per cent of the total.
Among states, Tamil Nadu reported the highest number of POCSO cases at 5,320, followed by Maharashtra at 4,829 and Madhya Pradesh at 3,721. Uttar Pradesh was next with 3,671 cases.
In Union territories, Delhi accounted for the highest number of cases at 1,038, followed by Jammu and Kashmir at 228 and Puducherry at 82. The Andaman and Nicobar Islands reported 77 cases.
The data also shows that Andhra Pradesh, Arunachal Pradesh, Himachal Pradesh, Nagaland, Sikkim, Uttarakhand, Tripura and several Union territories, including Chandigarh, Andaman and Nicobar Islands, Dadra and Nagar Haveli and Daman and Diu, Lakshadweep, Ladakh and Puducherry, reported 100 per cent of cases involving known offenders.
