Jul 23, 2022 16:00:00

Ford could fire 8,000 employees to promote electric vehicles

The transition from gasoline-powered vehicles to clean electric vehicles (EVs), which have less impact on the environment, is progressing. It has become clear that even if the initial cost of EV is high, the

maintenance cost and fuel cost are extremely low , and the future of the car is said to be ' EV choice '. It is reported that Ford is preparing to dismiss about 8,000 employees in order to promote the transition to EV.

Ford Job Cuts: 8,000 Roles Set to Be Affected by Push to Help Fund EVs (NYSE: F) --Bloomberg
https://www.bloomberg.com/news/articles/2022-07-20/ford-plans-up-to-8-000-job-cuts-to-help-fund-investments-in-evs

Ford will reportedly slash a quarter of its workforce to fuel EV expansion --The Verge
https://www.theverge.com/2022/7/22/23274230/ford-blue-layoffs-model-e-ev

Ford, a major American automobile manufacturer, has established a joint venture, Blue Oval SK, with SK Innovation Co., Ltd., a Korean oil refinery company, and is building EV battery factories in Tennessee and Kentucky, USA. According to information Bloomberg obtained from Ford officials, Ford aims to prepare $ 3 billion in operating costs for the BlueOval SK by 2026, which is why American employees It is said that it is preparing to dismiss 8,000 people, which is about a quarter of the staff.

Ford split its business into two in early 2022, sharing the production of traditional internal combustion engine (ICE) vehicles with the Ford Blue and the development of electric vehicles and advanced software projects with the Ford Model E. I am. Ford seems to be considering a large-scale reduction of 8,000 employees from the Ford Blue side.

According to Bloomberg reports, headcount reductions at Ford Blue are not final and may change. However, Ford's headcount cuts are expected to begin in stages in the summer of 2022, and the $ 3 billion cost savings will be an important step in Ford's CEO Jim Farley's EV business promotion plan. is.

Detroit Free Press reported that CEO Farley sent a video message to employees on Thursday, July 21, 2022, explaining that he would cut operating costs without denying the possibility of layoffs. that's right.

TR Reed, director of Ford's corporate and public policy communications division, told foreign media The Verge, 'We are rebuilding our work, modernizing our organization and realizing a transformation plan called Ford +. This includes leading a devastating and exciting new era of connected electric vehicles. We are reshaping what is happening across all automotive business units and companies. In the process, we set clear goals to improve our cost structure, so we can be lean and fully competitive as the best company in the industry, 'he said. Although it did not, it has stated that it will work to improve the cost structure.

Ford states that headcount reduction is the key to increasing the profits of the entire company, but it is also making various engineering efforts to improve profits, such as introducing iron phosphate batteries with low manufacturing costs. ..

Ford sold 27,140 EVs in 2021, but we are planning to increase this number to 2 million a year by 2026. For this reason, Ford says it will increase spending on the EV business to 50 billion dollars (about 6.8 trillion yen), and it is said that personnel reduction will be done as a cost reduction of 3 billion dollars for that. It seems that.