Source: Financial Times [UK]
“Ford plans to cut about 4,000 jobs in Europe, as the carmaker grapples with slowing demand for electric vehicles and fierce competition with Chinese rivals. The US company said on Wednesday the cuts would be in place by the end of 2027 and would affect about 3,000 jobs in Germany and 800 in the UK, representing about 14 per cent of its 28,000 workforce in Europe. The moves are pending discussions with unions.” (11/20/24)