Ford is increasing production of its expedition and Lincoln Navigator vehicles and will add 550 new jobs to its Kentucky Truck Plant, where it collects the vehicles, the company said on Tuesday.
The move also comes as Ford Mull's cutbacks in its workforce elsewhere, particularly among salaried workers in the United States and various roles abroad, especially in Europe. gives to cut about 5, 00 0 jobs in Germany and an unspecified number in the UK. It also plans an unspecified number of cuts to its salaried US workforce later this year. Ford said in 2018 that it is committed to a $ 11 billion plan to restructure its operations and improve performance.
Shares of the second largest US automaker have fallen 23 percent over the past 12 months, although they have risen more than 12 percent since the beginning of 2019, closing at $ 8.57 per share on Monday.
In recent years, automakers have distorted to keep up with an ever-intensifying shift away from more traditional passenger vehicles, such as sedans and compact cars, towards SUVs, pickup cars, and crossovers. Ford's cross-town rival General Motors recently made headlines for its plans to embark on heavy-duty factories and cutting jobs in the United States