Sudden!International giants announced layoffs will affect all departments

Source: Daily Economic News Integrated from CCTV News, Shangguan News, etc.

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Ford announced that it would lay off about 3,000 people

According to CCTV News, Ford Motor Corporation recently confirmed that it will reduce about 3,000 white -collar workers in the United States, Canada and India.

Ford wrote in an internal email sent to employees that day that this week, we will informed the staff of the staff that "builds almost all aspects that need to change and reshape our operations for more than a century."

The signature of Ford CEO GM Faeye's signature above is signed. A Ford spokesman said the layoffs will take effect on September 1.

Picture source: CCTV Finance

According to Agence France -Presse, the 3,000 positions reduced in this time include 2,000 full -time employees and 1,000 contract workers. Factory workers are not affected this time.

According to CCTV Finance, Ford has begun to divide the business into three operating departments, namely electric, internal combustion engines and commercial vehicles. The company claims that the layoffs are expected to affect all departments of the company.

It is reported that as of the end of 2021, Ford Company had approximately 183,000 employees and 186,000 below the end of 2020. About 90,000 employees in the United States accounted for nearly 49%. The number of layoffs accounted for about 1%of the total number of employees. According to Bloomberg, it was mainly affected by employees of the traditional fuel vehicle production department.

Affected by this news, Ford's stock price fell about 5%on the 22nd to close at $ 15.08 per share. Recently, there is another news that affects the company's stock price-on the case of a Ford F-250 pickup rollover in 2014, a case of a jury in the U.S. Georgia may face US $ 1.7 billion in compensation.

Is Ford's electrification transformation successful?

In fact, Ford's layoffs are not unprecedented. Pharisee has repeatedly stated this year that there are too many people in the company's departments and insufficient talents needed for corporate transformation. In April of this year, the company made a small layoff 580 people.

Bloomberg News reported in July that Ford plans to lay off 8,000 people to save more funds for investing in electric vehicle business. Ford did not comment on layoffs at the time, only to focus on the restructuring structure, so that the funds tilted to the electric vehicle department.

Pharisee said that it plans to cut annual costs by 3 billion US dollars by 2026, in order to achieve the goal of 10%of the pre -tax profit margin. Ford's pre -tax profit was 7.3%last year.

Ford announced the reorganization plan in March to split traditional fuel vehicles and electric vehicle business. Among them, the fuel vehicle business is called "Ford Blue", and the electric vehicle business is called "Ford Model E". It is led by different teams and the financial report will also be separated. Both branches are headquartered in Michigan.

According to Ford, from 2022 to 2026, Ford will invest $ 50 billion in electric vehicles.

However, it is often painful with change and transformation. The New York Times said that it is now regarded as the most turbulent moment in the automotive industry in the past century. In 1908, Henry Ford launched a T -type car to one of the first mass -produced cars. At this moment, not only promoted human society into the era of car, but also became a distinctive mark in Ford's history. Henry Ford was named the name of "car king". For more than a hundred years, fuel vehicles have been the main force of the industry, and the human resources structure in R & D and production has also matched it.

Photo source: Every reporter Sun Tongtong

When the situation moved, not only did new energy vehicles gradually replace traditional fuel vehicles, Ford also faced fierce competition from opponents such as Tesla. According to financial reports, in the second quarter of fiscal year in fiscal 2022, Tesla's net profit was 22.56 US dollars, while Ford was $ 667 million.

According to Shangguan News, Mike Ramsey, an analyst at the US Gaodner Consulting Company, predicts that with the future of the automotive industry for electric vehicles, other car companies are also likely to be forced to lay off layoffs.

He pointed out that in the production process of electric vehicles, engineers do not need to create engines, transmission and exhaust systems. Most of the current employees of car companies do not have the skills and talents needed for transformation. "So I dare to be sure that most car companies are facing tremendous pressure to re -arrange employees."

However, reorganization manpower is not easy. Reuters pointed out that Ford and GM and other car companies will face new challenges in North America in North America next year, and these companies will begin negotiating with the American Automobile Workers' Federation (UAW). For the development of the electric vehicle industry, the organization's leaders have expressed concerns.

Smith said that a variable is a convenient measure to bring more employment opportunities in the "Inflation Act" signed by the US President Biden recently, which involves a convenient measure for electric vehicles such as electric vehicles. Before the bill passed, the U.S. Think Tank Economic Policy Research Institute predicts that if the federal policy that lacks strong protection and promotes employment, in the process of transitioning to electric vehicles, the United States will lose their jobs by 2030 or 75,000 car workers.

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