Ford Motor Co. is cutting roughly 580 salaried and agency jobs in the U.S. The automobile company reported a $3.1 billion loss during the first quarter of the year.
Impact on engineering roles
The decision came within two months of company’s restructuring plan. In February, Ford Motor Co. came up with a decision to separate combustion and electric vehicle businesses into separate units. The recent decision by Ford will majorly affect the engineering related roles. Moreover, the company will roughly cut 350 salaried employees and 230 agency workers. “We continue to align staffing around the critical skills needed to deliver our products, services and the Ford+ plan. We are making adjustments in select U.S. engineering teams, which includes some reassignments as well as a reduction of approximately 350 salaried and 230 agency positions.” Monique Brentley, a Ford spokeswoman, told the Free Press. The company has already communicated its 350 employees to end their contact by the end of last week.
Compensation/benefits package
The Dearborn automaker is providing a package of benefits to the eligible 350 employees. This includes severance up to nine months of pay based on service, benefits continuation for up to nine months based on service. In addition, they are also offering career transition services. “In addition, we look holistically at what components would best meet the needs of employees making a transition whether that be other full-time employment, entrepreneurial pursuits or exploring retirement options,” Brentley further added to her statement.
Ford is looking for “totally different talent”
At the same time, Ford executives have talked about the need to bring in new talent in areas like software development. The auto giant believe that they need to have employees having unique talent so they can help grow the company. Ford CEO Jim Farley has said the company needs totally different talent. “We’re getting after our talent gap in key areas: EV engineering, software and autonomous driving technology. We have a very good start already, and we will continually be very aggressive on recruiting talent.” Farley told investment analysts shedding light on auto-makers first quarter earnings report.
Browse for job opportunities at Ford
Keep up with the latest employment news across United States
Leave a Reply
Want to join the discussion?Feel free to contribute!