Ford to cut jobs in US, Canada By Reuters

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<span>© Reuters. FILE PHOTO: The Ford logo is pictured at the Ford Motor Co plant in Genk,Belgium December 17, 2014. REUTERS/Francois Lenoir/File Photo</span><br />
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<p>(Reuters) -Ford Motor Co said on Tuesday it will begin layoffs this week, impacting mostly engineering jobs in the U.S. and Canada, as part of the Detroit automaker&#8217;s move to exit unprofitable locations and cut headcount. </p>
<p>The development comes after the company said in May it expects to take up restructuring charges between $1.5 billion and $2 billion in 2023. </p>
<p>The automaker did not specify the number of roles to be affected by the move. &#8220;People affected by the changes will be offered severance pay, benefits,&#8221; Ford said. </p>
<p>CNBC reported on Monday job cuts are expected to affect all three of Ford&#8217;s business units &#8211; Ford Blue, Model e and Ford Pro.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/ford-to-cut-jobs-in-us-canada-3114392">Source link </a></p><p>The post <a href="https://forextraderhub.com/ford-to-cut-jobs-in-us-canada-by-reuters.html">Ford to cut jobs in US, Canada By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>