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News in English (USA) / 20.11.2024 / 16:00

Ford Announces 4,000 Job Cuts in Europe Due to Weak EV Demand

In a significant restructuring move, Ford Motor Company has announced plans to cut 4,000 jobs across Europe, citing a disruptive shift to electric vehicles and economic challenges. The job cuts will primarily affect operations in Germany and the UK, with around 2,900 positions in Germany and 800 in the UK being eliminated. The decision comes amid a dramatic decline in electric vehicle sales and increased competition in the market, prompting Ford to reduce production volumes and adjust its workforce to adapt to the rapidly changing automotive landscape.
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