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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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