Ford layoffs

Ford to slash 4,000 European jobs amid weak EV sales, rising competition

Ford to cut 4,000 jobs in Europe as falling electric vehicle sales, subsidies to Chinese rivals and insufficient government standards pose obstacles

2024-11-21 08:01:58 : Ford Motor Co. has announced plans to reduce its European workforce by 14% by the end of 2027, cutting 4,000 jobs ...

Ford will be facing a huge blow in Germany, where Volkswagen is threatening to close factories, cut wages, and axe thousands of jobs to improve its competitiveness.

Ford to lay off 14% of European employees due to weak demand for electric vehicles and fierce competition from China

2024-11-20 22:54:49 : Ford Motor Co. decided to lay off 14% of its European workforce on Wednesday, November 20, due to weak electric vehicle ...