Ford to cut 4,000 jobs in Europe: reports
The carmaker said the European auto industry is facing unprecedented competitive, regulatory, and economic headwinds.
“It is critical to take difficult but decisive action to ensure Ford’s future competitiveness in Europe,” said Dave Johnston, Ford’s European vice-president for transformation and partnerships, as quoted by CNN.
John Lawler, chief financial officer at Ford, recently penned a letter to the German government to seek assistance on their concerns for the region.
“What we lack in Europe and Germany is an unmistakable, clear policy agenda to advance e-mobility, such as public investments in charging infrastructure, meaningful incentives to help consumers make the shift to electrified vehicles, improving cost competitiveness for manufacturers, and greater flexibility in meeting CO2 compliance targets,” Lawler said as quoted by CNN.
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