U.S. carmaker Ford to cut 4,000 jobs in Europe amid EV challenges


  • World
  • Thursday, 21 Nov 2024

BERLIN, Nov. 20 (Xinhua) -- U.S. automaker Ford announced on Wednesday that it plans to cut 4,000 jobs in Europe by the end of 2027, in a bid to create a more cost-competitive structure and ensure the long-term sustainability and growth of its business in Europe.

The planned job cuts will primarily impact operations in Germany, but also the United Kingdom (UK), with minimal reductions in other European markets, Ford said in a statement, adding that the company will consult with its European social partners on the pending layoff plan.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Argentina's Kirchner returns as Peronists eye comeback against Milei
North Korea notes South Korea's 'growing public anger' against Yoon
Ukraine loses ground near strategic hub of Pokrovsk
Roundup: U.S. crude supplies down, other petroleum data mixed
U.S. oil imports, exports down last week
Haiti reopens capital's airport as US extends airline ban
Brazil's Lula to undergo second brain procedure in Sao Paulo
Roundup: Macy's reports mixed Q3 results amid accounting investigation
U.S. stocks close mixed
Apple announces Intelligence operating systems with new features

Others Also Read