Life

Ford is Cutting More Jobs

Enthusiasts may bleed Ford blue, but the automaker has been hemorrhaging money green. To the tune of a $1.9 billion loss in the second quarter alone – and expecting the red trend to continue the rest of the year.

The automaker confirmed Wednesday that it plans to cut about 1,400 North American jobs.

While COVID-19 certainly hasn’t helped, Ford says the cuts weren’t forced by the pandemic. The company is in the middle of a multiyear $11 billion restructuring plan as it looks to compete in a changing marketplace.

Ford says it will offer voluntary reduction incentives for nearing retirement-eligible salaried US workers. Ford axed 7,000 global jobs last year.

What’s the next big thing in the automotive industry? Are you holding off buying a new car in anticipation of new tech?

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  • X96

    X96 is Utah's Original Alternative. It is self-aware. It is ingrained. It plays bands like Panic! at the Disco, Red Hot Chili Peppers, The Cure, and Muse. It's part of a healthy diet and it's why native Utahns are so stout and stalwart. Listen and become part of it and it will become part of you.

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