Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu in South China and Mr. Aviation for their clue delivery! CTOnews.com June 25, people familiar with the matter recently revealed to the Wall Street Journal that Ford is preparing a new round of layoffs for its American employees.

▲ Touyuan Pexels in March last year, Ford announced a restructuring plan to split the fuel vehicle and electric vehicle businesses. Ford CEO Jim Farley said at the time that the company planned to cut annual costs by $3 billion by 2026 (CTOnews.com note: currently about 21.57 billion yuan) to achieve its goal of a 10 per cent pre-tax profit margin.

In August last year, Ford confirmed that it would cut 3000 jobs in the United States, Canada and India in order to further cut labor costs. In January, Ford announced that it would cut about 3800 jobs in Europe over the next three years, most of them in the UK and Germany, because of increasing competition in the electric car industry.

The new round of layoffs at Ford is expected to involve employees in fuel vehicles, electric vehicles and software divisions, but the exact number of layoffs is not clear, according to people familiar with the matter.

Ford did not immediately respond to media requests for comment, but foreign media analysts pointed out that many traditional automakers are feeling the pressure of operating costs due to the high R & D costs of the electric vehicle business. GM and European car giant Strandis both announced layoffs to streamline operations and reduce costs.

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