Ford is slashing 7,000 white-collar jobs - News Summed Up

Ford is slashing 7,000 white-collar jobs


In November, General Motors announced that it would shed up to 14,000 workers as it cut expenses to prepare for a shift to electric and autonomous vehicles. The layoffs included closure of five factories in the U.S. and Canada and cuts of about 8,000 white-collar workers worldwide. About 5,000 blue-collar positions were cut but most of the laid-off factory workers in the U.S. will be placed at other plants, mainly those that build trucks and SUVs.


Source: Los Angeles Times May 20, 2019 13:43 UTC



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