After IT, now job crisis in auto sector, Ford Motors will lay off thousands of employees!

Ford Layoff: After IT companies, auto sector companies are also preparing for mass layoffs, American carmaker Ford Motor has prepared a plan to lay off 3200 people. According to media reports, it is being said that Ford is now taking a big decision to focus on electric vehicles and cut costs to work in this ...
 

Ford Layoff: After IT companies, auto sector companies are also preparing for mass layoffs, American carmaker Ford Motor has prepared a plan to lay off 3200 people. According to media reports, it is being said that Ford is now taking a big decision to focus on electric vehicles and cut costs to work in this direction.

The layoffs by Ford Motor Company will affect people working in the company’s product development and administrators working in the company’s Germany office. According to media reports, about 65 percent of development jobs in Europe will be affected by Ford’s decision. It is learned that the company is preparing to lay off 700 employees from the Ford Administration Department and 2500 from the Development Department.

Ford Motor is also planning to move its development activity from Germany to the US, according to a statement from IG Metal. Significantly, at the end of last year, Ford fired about 3,000 people in the US and showed them the way out of the company.

The company’s chief executive officer, Jim Farley, said the company plans to cut profit margins by $3 billion so the company can invest $50 billion in its electric vehicle business.

But one thing to note here is that the company has ruled out layoffs in Europe, with a company spokesperson saying no decision has been taken yet. That is, the matter of retrenchment of 3200 people in the company has come to the fore only through the media. The company has not yet made any official announcement or statement for the same.

Significantly, due to the global financial crisis, big tech companies are showing the way out to their employees. These companies have started layoffs from November 2022 last year. People working in these IT sector companies for a long time are also being asked to leave their jobs for one reason or the other. Thousands of employees have been fired in 3-4 months and this process is not taking the name of stopping.

According to a media report, only 2 lakh employees have been retrenched in the IT sector of America in 3-4 months. Now the first challenge before these unemployed laborers is to find a new job. Otherwise they will have to go to their country from America. These people are facing many problems.

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