Ford to slash an additional 4,000 jobs in Europe | NHK WORLD-JAPAN News
US automaker Ford Motor has announced plans to cut an additional 4,000 jobs mostly in Germany and the UK amid falling demand for electric vehicles in Europe.
Ford said on Wednesday that the headcount reduction will take place by the end of 2027, adding it will consult with governments, labor unions and other social partners.
US media outlet Bloomberg reports that the job cuts amount to 14 percent of the automaker’s European workforce.
The announcement follows an earlier plan to slash 3,800 jobs in Europe that Ford unveiled in February last year.
In a statement, Ford said, “What we lack in Europe and Germany is an unmistakable, clear policy agenda to advance e-mobility.”
It called for public investments in charging infrastructure and incentives for consumers.
German automaker Volkswagen is also considering closing factories and making job cuts in its home country amid intensifying competition from Chinese EV makers.
Related
ForexLive European FX news wrap: Euro stays buoyed, markets wait…
Headlines:Markets:EUR leads, AUD lags on the dayEuropean equities lower; S&P 500 futures up 0.1%US 10-year yields down 2.7 bps to 4.255%Gold up 0.4% to $2,9
European shares fall as tariff uncertainties weigh; US jobs data…
(Reuters) - European shares fell on Friday as frequent shifts in U.S. trade policy throughout the week resulted in risk aversion, while focus remained on th
US economy added 151,000 new jobs in February; Euro on…
US jobs report releasedNEWSFLASH: Hiring across the US economy picked up slightly at the start of Donald Trump’s second term in office.The US economy added 15
