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Ford is a world-famous automobile brand and one of the many brands under the American Ford Motor Company. The company and brand name "Ford" come from the founder Henry Ford ( Henry Ford's surname.

Ford Motor Company is one of the largest automobile manufacturers in the world. It was founded in 1903. It owns the Ford and Lincoln automobile brands and is headquartered in Dearborn, Michigan. (Dearborn). Extended information

Ford announced 7,000 layoffs worldwide

Ford Motor Company said on May 20, 2019 that it planned to cut 7,000 jobs by the end of August, accounting for approximately 10% of its global payroll. Ford said the layoffs are part of a global restructuring that will help the company save about $600 million annually.

Ford CEO Jim Hackett revealed in an email to employees that the layoffs involve 2,300 people in the United States, of which 1,500 have voluntarily resigned. About 300 people have been laid off. This week An additional 500 employees will be laid off initially.

Hackett said the layoffs are intended to help Ford win in a competitive industry environment by reducing bureaucracy, speeding up decision-making, focusing on the most valuable work and cutting costs.

Ford’s global business restructuring plan mainly includes comprehensive replacement of product lines in North America, discontinuation of some models in South America, restructuring of European operations and layoffs.

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