Oakville, July 18: Ford Motor Company is reportedly adding 2,000 workers to three of its plans in Canada and US to build more trucks. Amid the automobile layoffs, this announcement of job increase may give some people a hopeful outlook for the overall industry. Ford Motor Company is an American automobile company that will reportedly hire people to boost the production of its Super Duty F-Series trucks.

According to a report by Market Watch, 2,000 jobs will be created to increase the production of Ford's Super Duty F-Series pickup trucks at three plants with USD 3 billion investment. By hiring people, the automobile company aims to increase the production of Super Duty trucks in Oakville by up to 1,00,000 units. Microsoft Layoffs: Job Cuts Announced As Microsoft Reportedly Disbands DEI Team, Sacked Leader Slams Decision in Email Sent to Employees.

Ford Motor Company said it would hire around 1,800 jobs at Oakville Assembly Complex. Further, the company plans to add 150 jobs at Winsor Engine Complex located in Ontario. The report said Ford will add 70 jobs and overtime to the United States component plan. By doing so, Ford Motor Company aims to increase the production of Super Duty trucks in Oakville.

According to the report, the American automobile company could not meet the demand despite operating its Kentucky Truck Plant and Ohio Assembly Plants at their full capacity. Amid the ongoing automobile struggles of cost-cutting and restructuring business, hiring 2,000 people could be a good sign for some. PwC Layoffs: UK-Based Fintech Consulting Firm Likely To Lay Off 50% China Financial Services Audit Employees, Says Report.

This year, automobile companies like Volkswagen, Fisker, Adient, Stellantis, Rivian, and Tesla laid off thousands of employees. Tesla announced one of the biggest layoffs in the automobile industry this year, cutting thousands of jobs to manage costs, battle price wars among the competition, and slow demand. Tesla layoffs in 2024 affected 10% of the company's global workforce, affecting thousands of people.

(The above story first appeared on LatestLY on Jul 18, 2024 06:29 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).