- Ford Motor Co (NYSE:F) plans to slash about 3,000 salaried and contract jobs to concentrate on the electric vehicle business, Reuters reported.
- Most of the proposed jobs cuts will be in North America and India.
- Also View: Tata Motors Acquires Ford India’s Sanand Plant For $91M
- CEO Jim Farley had previously hinted that the automaker required a different skill set for the industry shift to electric vehicles and digital services.
- Also Read: Ford To Contest $1.7B Verdict Over Pickup Truck Accident
- “We are eliminating work, as well as reorganizing and simplifying functions throughout the business,” the report cited a joint email by Ford Chairman Bill Ford and CEO Farley.
- Recently, Ford has been aiming to catch up with rivals like Tesla, Inc (NASDAQ:TSLA) by scaling up its electric vehicle offerings.
- Related: Elon Musk Claps Back At Ford CEO’s Tesla Pickup Truck Jab: Here’s The Fight
- Price Action: F shares are trading lower by 5.29% at $15.05 on the last check Monday.
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Centers For Medicare & Medicaid Services Approves Transitional Pass-through Reimbursement Status For Harrow’s Iheezo (Chloroprocaine Hydrochloride Ophthalmic Gel) 3% For Ocular Surface Anesthesia
Beginning April 1, 2023, and for the three years thereafter, IHEEZO will be eligible for separate reimbursement outside of the surgical bundled payment in both the Ambulatory Surgery Center (ASC) and Hospital
