Ford Announces Layoffs For 1,600 Staff At Louisville Assembly Plant
Portfolio Pulse from Benzinga Neuro
Ford Motor Company (NYSE:F) is laying off approximately 1,600 employees at its Louisville Assembly Plant due to parts-related issues. The layoffs will continue throughout November and will impact the production of the Ford Escape and Lincoln Corsair. The layoffs come after a 41-day strike ended with a tentative agreement on October 25.
November 04, 2023 | 3:18 pm
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Ford is laying off 1,600 employees at its Louisville Assembly Plant, which could potentially impact the production of the Ford Escape and Lincoln Corsair.
The layoffs at Ford's Louisville Assembly Plant could potentially disrupt the production of the Ford Escape and Lincoln Corsair. This could lead to a decrease in the supply of these vehicles, which could negatively impact Ford's revenues and, consequently, its stock price in the short term.
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