Economy

Ford confirms cutting 3,000 jobs as it pushes toward electric

Follow-ups -eshrag News:

Mon, 2022-08-22 20:55

NEW YORK: US auto giant Ford confirmed Monday it is eliminating around 3,000 jobs, mainly in North America and India, as the company pushes to accelerate its transition to electric vehicles.

Challenged by Tesla and other startups, traditional carmakers have accelerated production of their electric models in recent years.

The restructuring involves 2,000 salaried positions and 1,000 contractors mostly in the US, Canada and India but does not affect factory workers, a spokesman told AFP.

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