Big Changes in Ford – level 3
The Ford Motor Company is planning an overall restructuring which involves laying off around 10% of workers worldwide. Ford’s CEO announced the news in an email to employees on Monday 20th.
The company plans to spend around $11 billion to restructure its business, which will save it around $600 million every year. Of the 7,000 total jobs being eliminated, roughly 2,300 are in the USA.
The whole plan is not known, but some factories in Europe and Brazil are going to close, and the brand has stopped making some of its well-known passenger cars in North America.
You can watch the video news lower on this page.
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