Indeed, though 7,000 are being cut, Ford is continuing to hire in other areas of the company. Since 2009 when the auto industry and global economy was hammered, Ford began cutting its manufacturing footprint and finds itself operating very efficiently today at the plant level. Of the 2300 U.S. jobs lost, 1500, said Ford, were voluntary retirements and departures. The Associated Press reported that Ford will give those affected by the job cuts a few days to wrap up and say goodbye to co-workers. Ford shares have been rising the last three months, rising from about 8.00 per share in February to $10.30 in mid-day trading.

Source: Forbes May 20, 2019 14:49 UTC