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Which country will see the highest percentage of Ford job cuts in Europe by 2027?
2
Resolution / Starting Odds
Germany • 25%
UK • 25%
Other European countries • 25%
Even distribution • 25%
Official announcements from Ford or credible news sources reporting on job cuts distribution
Story
Ford to Cut 4,000 Jobs in Europe by 2027, 14% of Workforce in Germany and UK
Nov 20, 2024, 03:00 PM
Ford Motor Co. has announced plans to cut approximately 4,000 jobs in Europe by the end of 2027, primarily in Germany and the UK, due to a combination of factors including weak demand for electric vehicles (EVs), economic headwinds, and increased competition from Chinese rivals. The job cuts represent about 14% of Ford Europe's workforce. The company cited the lack of clear EV policy agenda in Europe and Germany, insufficient government support for the transition to EVs, and the pressure from subsidized Chinese automakers as reasons for the layoffs. This move is part of Ford's broader strategy to adapt to evolving market conditions and reduce costs amid declining EV sales.
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Similar markets
Germany • 25%
United Kingdom • 25%
Other European countries • 25%
No further job cuts • 25%
Germany • 25%
United Kingdom • 25%
Other European countries • 25%
Equal distribution • 25%
Less than 3,000 jobs cut • 25%
3,000 to 4,000 jobs cut • 25%
More than 4,000 jobs cut • 25%
Restructuring plan canceled • 25%
Decreased demand for EVs • 25%
Increased competition • 25%
Cost-cutting measures • 25%
Other • 25%
Weak EV demand • 25%
Competition from Chinese automakers • 25%
Insufficient government support • 25%
Economic headwinds • 25%
EV market slowdown • 25%
Cost reduction strategy • 25%
Increased competition • 25%
Other • 25%