Ford Motor Company announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. 1. Hackett and Farley will work together on a smooth leadership transition over the…
Ford Motor Company, the second-largest American multinational automaker headquartered in Dearborn, Michigan has announced on Friday to its 70,000 salaried employees that they will face unspecified job cuts globally as part of the automaker’s $11 billion restructuring. On July 25, Ford’s Chief Executive Officer Jim Hackett announced that the company is planning on a restructuring but,…