{"id":1958523,"date":"2023-06-27T17:46:01","date_gmt":"2023-06-27T21:46:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ford-axes-hundreds-of-engineers-other-employees-as-electric-vehicle-transition-proves-costly\/"},"modified":"2023-06-27T17:48:31","modified_gmt":"2023-06-27T21:48:31","slug":"ford-axes-hundreds-of-engineers-other-employees-as-electric-vehicle-transition-proves-costly","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ford-axes-hundreds-of-engineers-other-employees-as-electric-vehicle-transition-proves-costly\/","title":{"rendered":"Ford lays off hundreds of engineers and employees due to high costs of transitioning to electric vehicles."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fford-axes-hundreds-of-engineers-other-employees-as-electric-vehicle-transition-proves-costly%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1958523&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Ford Motor Co. Announces Job Cuts Amid Transition to Electric Vehicles<\/h2>\n<p>Ford Motor Co. is undergoing another round of white-collar <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/conservative-consumers-group-pounces-on-woke-corporations-like-nike-and-coca-cola\/\" title=\"Conservative Consumers\u2019 Group Pounces On \u2018Woke\u2019 Corporations Like Nike and Coca-Cola\">job cuts<\/a> as the company continues to reduce costs during its transition to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-climate-agenda-wont-replace-jobs-it-seeks-to-kill-separate-ap-wapo-fact-checks-suggest\/\" title=\"Biden\u2019s Climate Agenda Won\u2019t Replace Jobs It Seeks To Kill, Separate AP, WaPo Fact-Checks Suggest\">electric vehicles<\/a>.<\/p>\n<p>The company confirmed on Tuesday that it was starting to notify several hundred engineers and other salaried employees that their jobs are being eliminated. This comes after around 200 Ford contract employees were let go last week.<\/p>\n<p>Spokesman T.R. Reid stated that while he couldn&#8217;t provide an exact number of job cuts this week, they are not nearly as significant as the cuts made last summer when the company let go of 3,000 white-collar workers and another 1,000 contractors, mostly in the U.S. While most of the cuts were in engineering, all business units will see job cuts.<\/p>\n<p>According to CEO Jim Farley, Ford&#8217;s workforce lacks the necessary skills for the transition from internal combustion to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-hunter-biden-profited-from-joe-biden-losing-energy-race-with-communist-china\/\" title=\"Report: Hunter Biden Profited from Joe Biden Losing Energy Race with Communist China\">battery-powered vehicles<\/a>. This week&#8217;s job cuts demonstrate Ford&#8217;s commitment to adapting to change more consistently.<\/p>\n<p>&#8220;It&#8217;s more real time and not kind of big titanic events,&#8221; Farley said, adding that the company is also hiring in areas such as software development.<\/p>\n<p>These job cuts come as Ford aims to address a $7 billion cost disadvantage compared to its competitors. The company is also investing over $50 billion by 2026 to develop and build electric vehicles globally.<\/p>\n<p>The Biden administration recently awarded Ford a $9.2 billion conditional loan for building battery factories. Ford plans to manufacture EVs at a rate of 600,000 per year by the end of this year and 2 million per year by 2026.<\/p>\n<p>As part of its reorganization, Ford has divided itself into three business units: Ford Model e for electric vehicles, Ford Blue for vehicles with combustion engines, and Ford Pro for commercial vehicles.<\/p>\n<p>While Ford&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-sells-6-9-billion-in-tesla-shares\/\" title=\"Elon Musk Sells .9 Billion in Tesla Shares\">electric vehicle business<\/a> has incurred losses of $3 billion before taxes in the past two years, company officials expect it to become profitable before taxes by late 2026 with an 8 percent pretax profit margin. On the other hand, its commercial and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ford-axes-hundreds-of-engineers-other-employees-as-electric-vehicle-transition-proves-costly\/\" title=\"Ford lays off hundreds of engineers and employees due to high costs of transitioning to electric vehicles.\">combustion units remain highly profitable<\/a>.<\/p>\n<p>In May, Farley stated that there would be no reductions in the number of factory employees or among engineers and other office workers.<\/p>\n<p style=\"font-style: italic\">The Western Journal has reviewed this Associated Press story and may have altered it prior to publication to ensure that it meets our editorial standards.<\/p>\n<p><strong>Read More: <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/ford-axes-hundreds-engineers-employees-electric-vehicle-transition-proves-costly\/\">Ford Axes Hundreds of Engineers, Other Employees as Electric Vehicle Transition Proves Costly<\/a><\/p>\n<p><strong>Source: <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford Motor Co. is slashing white-collar jobs to cut costs during its shift to electric vehicles. The company has begun notifying hundreds of engineers and salaried employees about their job eliminations. This follows the previous firing of around 200 Ford employees.<\/p>\n","protected":false},"author":136,"featured_media":1958524,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-1958523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1958523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/136"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1958523"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1958523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1958524"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1958523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1958523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1958523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}