Ford announced on Monday that it is aiming to cut expenses in China as it attempts to rebound from a sustained sales downturn in the world's largest auto market.
"Our costs are not competitive, and we are working internally and with our partners to reduce costs in all areas," a Ford China representative said in a statement.
"We can only win if our organisation is lean and agile." "These actions are required if we are to build a healthier and more sustainable business in China," the company noted.
According to unidentified sources in local Chinese media, the corporation planned to slash 1,300 positions in China last week.
The corporation did not say how it planned to cut expenditures. The claimed job losses could not be independently verified.
Ford's sales in China have been declining since 2016, but its exports from the nation are expected to nearly treble by 2022, according to industry figures.
According to CEO Jim Farley, Ford will also restructure its China business in order to make one of its joint ventures into an export base for low-cost commercial electric and combustion vehicles.
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