Ford Says Coronavirus Not To Blame For Axing Of 1,000 White Collar Workers

Ford Motor Co. plans to cut an estimated 1,000 salaried jobs in North America, according to a report from Bloomberg.

"The job cuts are aimed at improving the automaker’s efficiency and are not related to rising costs from the coronavirus pandemic," the report posted online Monday quoted people familiar with the action "who asked not to be identified revealing internal plans." "An announcement could come as early as this week," the people said. 

PUGPROUD - 9/1/2020 12:36:41 PM

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They could easily blamed it on the coronavirus but chose rather to send their employees a message "shape up or be let go" and Wall Street the message "we are on top of getting costs down." Corporate speak.