Autos

Ford warns of potential job cuts, to defer some salaries

0


Jim Hackett, president and chief executive officer of Ford Motor Co.

Andrew Harrer | Bloomberg | Getty Images

Ford Motor CEO Jim Hackett warned employees Thursday that “tougher actions” such as job cuts could be needed depending on the severity and length of the coronavirus pandemic and its impact on operations.

In a letter to employees, Hackett said the automaker’s goal is “to manage through the crisis without eliminating Ford jobs,” but noted that there are circumstances that could force the company’s hand. He said if the “effects of the coronavirus on the global economy and Ford go on for longer — or are more severe — than we currently anticipate, we may have to take tougher actions….



Source cnbc.com

Executives are buying stock in droves, giving a ‘strong’ signal that the comeback is for real

Previous article

Rishi Sunak unveils package to pay self-employed 80% of income, but the money won’t be available until June

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Autos