Loading...
Market
Story
Ford to Cut 4,000 Jobs in Europe, Including 800 in UK, by 2027
Nov 20, 2024, 02:13 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, with 800 of these jobs being in the UK. The decision comes as the company grapples with slowing demand for electric vehicles (EVs) and fierce competition from Chinese rivals. The job cuts represent about 14% of Ford's total workforce in Europe, reflecting the company's efforts to adapt to evolving market conditions and reduce costs amid economic headwinds and the disruptive shift to EVs.
View original story
Similar markets
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%
EV market slowdown • 25%
Cost reduction strategy • 25%
Increased competition • 25%
Other • 25%
Germany • 25%
United Kingdom • 25%
Other European countries • 25%
Equal distribution • 25%
Weak EV demand • 25%
Economic headwinds • 25%
Competition from Chinese automakers • 25%
Other reasons • 25%