Ford Motor Co. (F) will temporarily lay off about 2,000 hourly employees while its Wayne, Mich. assembly and stamping plants undergo extensive retooling to build the Ranger pickup trucks and the Bronco sport utility vehicle.
The layoffs will begin on or about May 7 and will continue through Oct. 22, according to a note the company filed with the state of Michigan.
"The affected employees will all return to work -- either at Michigan Assembly or at another Ford facility," Kelli Felker, Ford's manufacturing and labor communications manager, said in an email to Reuters.
The Ranger midsize pickup trucks are expected to begin production in 2019, while the Bronco will enter production in 2020. Under Chief Executive Jim Hackett, Ford has been more focused on increasing production of trucks and SUVs, shifting away from passenger cars like the Focus.
Shares of Ford rose 1.3% to $10.53 at 12:30 p.m.