Ford Motor Company has announced the layoffs of roughly 3,000 white-collar employees as it moves toward making more electric vehicles.
“Building on this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century,” Executive Chairman Bill Ford and CEO Jim Farley said. “It means redeploying resources and addressing our cost structure, which is uncompetitive versus traditional and new companies.”
Management added the moves are to not just eliminate positions, but also to “reorganize and simplify functions.”
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The cuts will not affect the company’s 56,000 union factory workers.
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Ford’s goal is to have electric vehicles make up at least half of its global production by the end of the decade.
