Ford said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit.
Ford said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and record-level investments to build low emission cars.
Ford said it has ceased production at three plants in Russia, is closing plants in France and Wales, and has cut shifts at factories in Valencia, Spain and Saarlouis, Germany. Approximately 12,000 jobs will be affected at Ford's wholly owned facilities and consolidated joint ventures in Europe by the end of 2020, primarily through voluntary separation programs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford to cut 12,000 jobs in Europe by end of 2020Ford said it will have cut 12,000 jobs in Europe by the end of next year to try ...
Read more »
Ford to cut 12,000 jobs in Europe as part of restructuringCarmaker Ford says it is shedding 12,000 jobs in Europe to increase profitability.
Read more »
Ford Motor Co. asks Alabama dealership to end shotgun giveaway
Read more »
Cardi B Pleads Not Guilty to Felony Charges in Strip Club Fight CaseCardi B arrived in court in New York on Tuesday, and was hit with charges in connection with an altercation at a strip club last August
Read more »
we’re getting closer to declaration of a climate emergency – what next?Following Extinction Rebellion's climate action, and Greta Thunberg's London visit, where are we headed?
Read more »