Ford to Cut Hundreds of US Salaried Workers to Lower Costs
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Ford Motor Co. plans to fire hundreds of salaried workers, primarily engineers, in the US this week to boost profit and lower costs amid a $50 billion shift to electric vehicles, according to people familiar with the matter.
The automaker is cutting engineers in all three areas of its business, EVs, traditional internal combustion-engine models and commercial vehicles, said T.R. Reid, a company spokesman. The workers will be informed Tuesday and Wednesday.