Official UK government announcements or reliable news sources reporting on policy changes.

Ford Plans 4,000 EU Job Cuts by 2027, Including 800 in UK, Due to EV Market Slowdown

Nov 20, 2024, 01:33 PM

Ford Motor Co. plans to cut approximately 4,000 jobs in Europe by the end of 2027, with about 800 positions being eliminated in the UK. This decision comes as the company faces declining demand for electric vehicles (EVs), rising competition, and insufficient government support for the EV transition. The job cuts are part of Ford's broader strategy to adapt to evolving market conditions and reduce costs amid a slowdown in EV sales.