According to Chinese media reports, Ford Motor Company is reportedly set to lay off 1,300 workers in China as part of its restructuring efforts. The report, citing unnamed sources close to the company, said that the layoffs would be carried out in phases, beginning this month and continuing through the end of the year. The report did not specify which of Ford’s plants in China would be affected.
Ford has been struggling in the Chinese market in recent years, and the automaker has been looking to reduce costs as part of its restructuring efforts. Ford has already announced plans to close two of its plants in China in the coming months, as well as shuttering its joint venture with Changan Automobile. Ford has also sold its stake in a separate joint venture with Zotye Automobile.
The move is likely to impact the automaker’s operations in China, as the layoffs would reduce the number of workers available to build and assemble cars, and could potentially lead to production slowdowns or delays.