Ford is a world-famous automobile brand and one of the many brands owned by Ford Motor Company of the United States. The company and brand name "Ford" comes from the surname of the founder Henry Ford.

Ford Motor Company is one of the largest automobile manufacturers in the world. Founded in 1903, it owns Ford and Lincoln automobile brands and is headquartered in Michigan? Dearborn ().

Extended information Ford announced that it would lay off 7,000 people worldwide.

20 19 On May 20th, Ford Motor Company said that it planned to lay off 7,000 employees before the end of August, accounting for 10% of its total paid employees worldwide. Ford said that the layoffs are part of its global business restructuring and can help the company save about $600 million a year.

Jim Hackett, CEO of Ford, revealed in an email to employees that the layoffs involved 2,300 people in the United States, of which 1500 people left voluntarily, about 300 people have been laid off, and 500 people will be laid off this week.

Hackett said that layoffs are to help Ford win in a highly competitive industry environment, reduce bureaucracy, speed up decision-making, focus on the most valuable work and cut costs.

Ford's global business restructuring plan mainly includes the complete replacement of North American product lines, the discontinuation of some models in South America, the restructuring of European business and layoffs.

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People's Daily Online-Ford announced that it would lay off 7,000 people worldwide.