Ford Layoffs: Automaker To Slash 4,000 Jobs In Europe. Know Why
Ford has announced plans to eliminate nearly 4,000 jobs across Europe by the end of 2027, amounting to about 14 per cent of its regional workforce. The move comes as the automaker grapples with waning demand for electric vehicles (EVs) and mounting pressure from Chinese competitors.
The job cuts, primarily targeting Germany and the United Kingdom, are subject to consultation with labor unions. "The global auto industry continues to be in a period of disruption, especially in Europe, where the industry faces unprecedented competitive, regulatory, and economic headwinds," Ford stated.
Dave Johnston, Ford's European vice-president for transformation and partnerships, noted the necessity of the measures, saying, "It is critical to take difficult but decisive action to ensure Ford's future comp...