Ford is cutting 1,000 jobs in the United States and Canada after it accepted a grant from the Biden administration to produce more electric vehicles.
Since Biden took office in 2021, his administration and Democrats at large have pushed their climate change agenda at breakneck speed, whether the country is ready or not.
This story reminds us that they value the pursuit of their agenda more than the lives of working Americans.
The Washington Free Beacon reports:
Ford cuts US jobs after Biden Admin boosts business with green subsidies
Ford announced it will lay off at least 1,000 workers in the United States and Canada despite the Biden administration’s promotion of its electric vehicles and the allocation of billions of dollars in green subsidies that will benefit automakers, including Ford.
The auto giant this week began informing workers that job cuts are imminent as it appears to offset the costs of developing and building electric cars, the Wall Street Journal reported. The cuts will mainly affect engineers, including those in the company’s green vehicle sector.
The job cuts come despite the White House’s focus on funding green initiatives and promoting electric vehicles.
The daily caller has more:
The cut of Ford’s roughly 28,000 employees is the third in a series of mass layoffs that began last summer with a cut of 3,000 U.S. jobs as the company seeks to reduce the cost of its massive investments in electric vehicles, the WSJ reported. Ford cut an additional 3,800 jobs in Europe in early 2023 as a cost-cutting measure to support the electric vehicle hub, after missing its Q4 2022 earnings estimates by $1.1 billion.
Ford’s electric vehicle division lost $722 million in the first three months of 2023, costing the company more than $60,000 per car sold. The company’s electric vehicle division is on track for about $3 billion in annual losses, but nevertheless expects to turn a profit next year.
Biden has vowed to “end” fossil fuels since the 2020 campaign.
Last year, Biden told a child to “look into my eyes” and promised her “I guarantee you we’re going to end fossil fuels.”
Fracking is fossil fuel. 🤷 ♂️ pic.twitter.com/nv7nG2bq26
— Andrew Clark (@AndrewHClark) August 31, 2020
Democrats take this seriously and don’t care how many jobs are destroyed in the process.