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Ford has announced a massive job cut in Europe. Which countries will be affected?

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Ford plans to cut 3,800 jobs in Europe over the next three years. The redundancies are to cover employees of the product development and administration departments. The American car manufacturer explains this with the desire to reduce costs, as well as the desire to be competitive on the electric vehicle market.

About 2.3 thousand jobs are to be cut at the Ford factories in Cologne and Aachen in Germany, 1.3 thousand in the UK and 200 in the rest of Europe, the automaker announced. The company announced that it intends to make reductions through voluntary redundancy programs.

The Reuters agency pointed out that the news is a blow to trade unions, which in late January announced that 2,500 jobs would be eliminated in the worst-case scenario. jobs in product development and 700 in administration.

“We don’t take these decisions lightly,” Martin Sander, head of Ford-Werke GmbH in Germany, said in a statement, stressing that Ford will offer employees “full support in the coming months.”

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According to the American concern, the cuts are needed to “revive business in Europe”. Ford employs 34,000 people in Europe. people.

Ford factory in CologneShutterstock

Electric cars from Ford

Sander emphasized that nothing has changed in the implementation of the electrification strategy, which aims to introduce an all-electric car fleet in Europe by 2035. The first electric vehicle from this manufacturer is to debut on the market later this year.

Reuters recalled that Ford’s chief financial officer, John Lawler, said in early February that the American automaker’s costs could increase by $5 billion this year. At the same time, he announced that the company would be “very aggressive” in cutting expenses.

Main photo source: Shutterstock



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