This past year, Ford had a 190,000 strong worldwide workforce, and the job cuts included involuntary layoffs and voluntary buyouts.

The Michigan based, American multinational automaker, Ford Motor Company, is shaping an arrangement to lay off about 1,000 of its employees in North America. This comes up as a part of a global restructuring to bring about a change in the financial being and improving efficiency. 

Reportedly, only last week did the company’s real estate wing global director stated that the company might let most of its employees work remotely. Considering that, they would not be expected to visit the office regularly. Following which, the employees dropped in at the workplace to collect their belongings as a consequence of a longer work-from-home stretch. 

For the first time in the past ten years, Ford may report a total year of operating loss. 

Ford, is right not amidst the implementation of the $11 billion restructuring initiative, that started in 2018. And in 2019, the company had shut down multiple plants, leaving thousands of employees jobless in Europe. It had cut down almost 7,000 jobs at that time to save around $600 million a year, globally. 

During that time, Jim Hackett, CEO, had given out a clarification to its employees regarding the same. Which, came along as the company’s overseas operations had come under a scanner, and it faced immense pressure for its investors to improve profitability and reduce costs. 

This past year, Ford had a 190,000 strong worldwide workforce, and the job cuts included involuntary layoffs and voluntary buyouts.