Ford Motor Co. confirmed Monday it plans to eliminate roughly 3,000 white-collar and contract positions, primarily in the U.S., Canada and India.
Why it matters: It’s the company’s latest effort to cut costs as it refocuses on core products and growth opportunities, while making a long-term transition to electric vehicles, per AP.
The big picture: Ford first announced the cuts in an email that was reviewed by the Wall Street Journal.
- In the email, the company said it would begin notifying affected workers this week.
- About 2,000 of cuts will be salaried jobs at Ford, while the remaining 1,000 will be contract positions with outside agencies, per the WSJ.