Recently, according to Bloomberg News, Ford is preparing to cut about 65,438+0,000 jobs in North America as part of the $65,438+0,654,380 billion global restructuring that began two years ago. As it is expected that there will be operating losses this year, Ford hopes to save money in the local market.
According to people familiar with the internal plan, the layoffs will be announced as early as this week, aiming at improving the efficiency of automobile manufacturers and having nothing to do with the cost increase caused by the COVID-19 epidemic.
It is worth mentioning that this restructuring plan was launched during the term of the current CEO Han. After Han 20 17 took office, he announced a large-scale plan, including: investing 1 10 billion dollars to completely reorganize the global business and shift the focus to the more profitable commercial vehicle business, thus promoting the development of autonomous driving and electric vehicle business. By reducing costs and improving efficiency,
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Driven by this plan, in 20 18, Ford announced that it would lay off employees worldwide 10%. In 20 19, the layoff plan continued, and 7,000 white-collar workers were laid off worldwide, saving the company $600 million every year. By the end of 20 19, the number of Ford employees worldwide was 190,000, while in 20 18, the number of Ford employees worldwide exceeded 200,000.
On August 4th, Ford Motor Company announced that its current president and CEO Jim? Hackett) has decided to retire from the company and is currently the chief operating officer of Ford Motor Company, Jim? Farley (Jim? Farley) will officially become the president and CEO of the company on June 65438+1October 65438+1October 2020.
After Jim Farley takes office, Han will still serve as Ford's special consultant until March 20021to help complete the smooth transition. The smooth transition of the two CEOs can also explain Ford's consistency in layoffs.
Although Ford said that layoffs had nothing to do with the epidemic, the epidemic actually had a great impact on the automobile industry. Markit predicts that automobile sales in the United States will reach 654.38+044 million in 2020, down 65.438+05.3% year-on-year. It is estimated that global automobile sales are expected to drop by more than 65,438+02% year-on-year to 78.8 million vehicles, which is the biggest decline since the global economic crisis 65,438+00 years ago.
A few days ago, the financial report released by Ford showed that the net profit of Ford Motor Company in the second quarter of this year reached 1 1 billion US dollars, including the self-driving company Argo? AI's investment income was $3.5 billion. Excluding this income, the company's adjusted earnings before interest and tax in the second quarter was-$654.38+$900 million, and its operating performance was better than expected.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.