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by Andrew Jose at The Western Journal
The Ford Motor Co. is expected to slash 8,000 jobs in the coming weeks to help fund its push into the electric-vehicle market, Bloomberg News reported Wednesday.
Workers in the Ford Blue unit tasked with manufacturing internal combustion engine vehicles and employees working for the company’s other departments could lose their jobs under the to-be-finalized layoff plan, according to the report, which cited “people familiar with the plan.”
If finalized, the layoffs are expected to occur in stages, starting this summer, Bloomberg reported. It said most of the job cuts are expected to occur among the company’s 31,000-strong U.S. workforce.
According to Bloomberg, the layoffs would help fund the company’s electronic vehicle expansion by cutting costs and increasing profitability.
The company has announced several significant steps toward that end in recent months…
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