Ford Motor Co. plans to fire hundreds of salaried workers, primarily engineers, in the US this week to boost profit and lower costs amid a $50 billion shift to electric vehicles, according to people familiar with the matter.
The automaker is cutting engineers in all three areas of its business, EVs, traditional internal combustion-engine models and commercial vehicles, said T.R. Reid, a company spokesman. The workers will be informed Tuesday and Wednesday.
“We’re not cost competitive,” Reid said in an interview. “We have specific priorities and ambitions that have implications for skills, assignments and staffing needs. These changes are consistent with that. They’ll make us cost effective.”
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