Ford cuts 3,000 jobs as it pivots to EVs, software

:Ford Motor Co said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla Inc in the race to develop software-driven electric vehicles.

"We are eliminating work, as well as reorganizing and simplifying functions throughout the business. You will hear more specifics from the leaders of your area of the business later this week," Farley and Ford Chairman Bill Ford wrote in a joint email.Like other established automakers, Ford has a workforce largely hired to support a traditional combustion technology product lineup. Going forward, Farley has mapped out a strategy for Ford to develop a broad lineup of electric vehicles.

In Monday's email to staff, Farley and Ford said the company's cost structure"is uncompetitive versus traditional and new competitors." Ford has begun separating its operations into electric, combustion engine and commercial vehicle operations. Farley said in July"cost reduction will happen" in the combustion operations. But Ford said on Monday the staff cuts will affect all parts of the company.

Source: Car News Wire (carnewswire.net)

The ICE related labor force are being phased out as the company pivot to electric lineup.

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