Ford decided to cut more than 4 thousand office workers

The American automaker Ford Motor plans to cut more than 4,000 office workers, which will be announced in the coming weeks. It is reported by The Wall Street Journal, citing informed sources.

The cuts will not affect workers at Ford’s manufacturing facilities, the sources said. They will affect primarily employees of the office in Dearborn, Michigan, involved in the production of cars with internal combustion engines, as the company is increasingly focusing on the production of electric vehicles.

As of the end of last year, Ford had 43,000 employees in North America.

Ford is planning cuts to cut costs, the sources said. The company aims to achieve $3 billion in annual cost savings by 2026.

Ford shares shed 0.2% in additional trading on Wednesday. Since the beginning of this year, their value has decreased by 39%.

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