Ford eliminating more jobs at Dearborn F-150 Lightning plant - report [Seeking Alpha]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Seeking Alpha
Of the 2,100 remaining employees at the Rouge Electric Vehicle Center, 700 will be transferred to the Michigan Assembly Plant that makes the Bronco and Ranger as a third crew, 700 will remain at the F-150 plant, while the remaining will be offered a $50K retirement package or take reassignment elsewhere in Michigan. This is the third round of cuts at the Rouge Electric Vehicle Center in six months. In October, the company eliminated one shift at the plant, and as recently as January, Ford ( F ) let go of 1,400 employees at the same facility. At that time, CEO Jim Farley said that he still sees a “bright future” for EVs for “specific customers.” At an auto conference Tuesday , Ford ( F ) CFO John Lawler said the company needed to “match capacity with demand. Demand is much slower than the industry expected when it comes to EVs. We are right-sizing our capacity and investments that we are putting into EVs, but it's not a matter of ‘if', it's a matter of ‘when.'” Recommended For Y
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Earnings
- 4/24/24 - Beat
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Sec Filings
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- 4/25/24 - Form S-8
- 4/25/24 - Form S-8
- F's page on the SEC website