Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Wednesday, 20 November 2024 () Ford Motor Co. is slashing 4,000 jobs across Europe, primarily in Germany, by 2027. The automaker cites economic challenges, intensified competition, and lower-than-anticipated electric vehicle sales as reasons for the workforce reduction. Ford's European sales have declined significantly this year, mirroring the industry's struggles with shrinking markets and pressure from Chinese EV manufacturers.
Most of the job cuts will take place in Germany with some 2,900 layoffs expected. The US carmaker has been battling with weak sales in the European market. Deutsche Welle
Wednesday, 20 November 2024 ()
