Ford Europe: Thousands of jobs to be cut in overhaul
6 years ago

Ford Europe: Thousands of jobs to be cut in overhaul

CNN  

London CNN Business — Ford is cutting thousands of jobs, ending production of some models and closing a plant in Europe ahead of a possible alliance with market leader Volkswagen. “We are taking decisive action to transform the Ford business in Europe,” Steven Armstrong, Ford’s president for Europe, Middle East and Africa, said in a statement. Analysts have speculated that Ford and Volkswagen, the world’s largest automaker and a dominant force in Europe, could team up as they seek to develop autonomous cars and other technology. But Ford Chief Financial Officer Bob Shanks told Bloomberg last year that the companies’ discussions are “broad” and not limited to any particular technology, product or geography.

Europe Ford Volkswagen  thousands  production  million  cut  europe  volkswagen  united  plant  jobs  overhaul  ford  models  carmaker  business

History of this topic

No end to layoffs for German automakers? After Audi & Volkswagen, Ford announces job cuts
1 month, 2 weeks ago

No end to layoffs for German automakers? After Audi & Volkswagen, Ford announces job cuts

Firstpost  

Ford, which employs 28,000 people in Europe, is bound to lay off around 4,000 people here. The move follows recent announcements of job cuts from Audi and Volkswagen Ford Motors is set to lay off 4,000 people in Europe. Reuters Ford Motor Co. plans to cut 4,000 jobs across Europe and the UK by the end of 2027, citing economic …

Ford announces 4,000 job cuts in Europe by 2027, explains why
1 month, 3 weeks ago

Ford announces 4,000 job cuts in Europe by 2027, explains why

Hindustan Times  

The Ford Motor Company is cutting 4,000 jobs in Europe by the end of 2027 to reduce costs as its passenger vehicle business suffered significant losses in the recent years due to a bet on EVs having gone wrong. The logo for the Ford Motor Company appears above a post on the floor of the New York Stock Exchange This …

Ford Layoffs: Automaker To Slash 4,000 Jobs In Europe. Know Why
1 month, 3 weeks ago

Ford Layoffs: Automaker To Slash 4,000 Jobs In Europe. Know Why

ABP News  

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. 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 competitiveness in Europe." Call for …

Ford to slash 4,000 jobs in Europe as dip in EV sales, subsidized Chinese rivals, scanty govt sops pose roadblocks
1 month, 3 weeks ago

Ford to slash 4,000 jobs in Europe as dip in EV sales, subsidized Chinese rivals, scanty govt sops pose roadblocks

Live Mint  

Ford Motor Co. has announced plans to reduce its European workforce by 14%—eliminating 4,000 jobs by the end of 2027—as it faces mounting challenges in the electric vehicle market. The move comes amid sluggish sales, stiff competition from subsidized Chinese automakers, and what Ford describes as a lack of government support for EV adoption, as per an Associated Press report. …

Ford to cut 800 UK jobs as electric car take-up slows
1 month, 3 weeks ago

Ford to cut 800 UK jobs as electric car take-up slows

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ford says it will cut …

Ford Motor to lay off 14% of Europe employees amid weak EV demand and tough Chinese competition
Trending News
1 month, 3 weeks ago

Ford Motor to lay off 14% of Europe employees amid weak EV demand and tough Chinese competition

Live Mint  

Ford Motor Co. has decided to lay off 14 per cent of its Europe workforce on Wednesday, November 20, amid weak electric vehicle demand, poor government support for the EV shift and tough competition from subsidized Chinese rivals, reported the news agency Reuters. Ford shares fell 1.8 per cent after the agency's report, which will be a big blow in …

Ford to cut 4,000 jobs in Europe
1 month, 3 weeks ago

Ford to cut 4,000 jobs in Europe

Associated Press  

FRANKFURT, Germany — Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. “The transformation is particularly intense in Europe where automakers face significant competitive and economic headwinds while also tackling …

Ford plans to cut about 800 roles across the UK over the next three years as part of a wider European jobs cull
1 month, 3 weeks ago

Ford plans to cut about 800 roles across the UK over the next three years as part of a wider European jobs cull

Daily Mail  

Ford is planning to cut roughly 800 jobs across the UK over the next three years as part of a wider European jobs cull. The car manufacturer said the UK job cuts come as part of plans to axe 4,000 roles overall across Europe by the end of 2027 to slash costs. The car manufacturer said the UK job cuts …

Ford to lay off 4,000 workers in Europe
1 month, 3 weeks ago

Ford to lay off 4,000 workers in Europe

CNN  

London CNN — Ford plans to cut almost 4,000 jobs in Europe over the next three years, about 14% of its workforce in the region, as the carmaker faces slowing demand for electric vehicles and rising competition from China. “The global auto industry continues to be in a period of disruption, especially in Europe, where the industry faces unprecedented competitive, …

Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehicles
1 year, 6 months ago

Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehicles

Associated Press  

DEARBORN, Mich. — Ford Motor Co. is going through another round of white-collar job cuts as the company continues to reduce costs amid a transition to electric vehicles. The company has reorganized itself into three business units, Ford Model e for electric vehicles, Ford Blue for vehicles with combustion engines and Ford Pro for commercial vehicles. Ford’s electric vehicle business …

Ford seen laying off 1,300 workers in China, local media reports
1 year, 7 months ago

Ford seen laying off 1,300 workers in China, local media reports

Live Mint  

Ford Motor Co. plans to cut jobs in China, potentially by more than 1,300, as its sales decline in the world’s biggest car market, local media including Economic Daily News reported. Ford’s wholesales in China fell below half a million units for the first time in a decade in 2022, continuing a slide since 2016, when the US automaker shipped …

Ford to cut 3,800 jobs in Europe, mostly in Germany, UK
1 year, 10 months ago

Ford to cut 3,800 jobs in Europe, mostly in Germany, UK

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ford said Tuesday that it …

It’s Ford now! Automaker to cut 3,200 EU jobs, union says, vowing to fight
1 year, 11 months ago

It’s Ford now! Automaker to cut 3,200 EU jobs, union says, vowing to fight

Live Mint  

Ford Motor Co plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany's IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if the cuts go ahead. Workers at the U.S. carmaker's Cologne site, which employs about 14,000 people - including 3,800 at …

US carmaker Ford to cut up to 3,200 jobs across Europe: Report
1 year, 11 months ago

US carmaker Ford to cut up to 3,200 jobs across Europe: Report

Hindustan Times  

Ford Motor Co. plans to cut about 3,200 jobs across Europe, following workforce reductions in the US as the automaker slashes costs in a shift toward electric vehicles. US carmaker Ford to cut up to 3,200 jobs across Europe: Report A majority of the affected positions are concentrated in Germany affecting roles in product development and administrative areas, the IG …

Ford cuts 3,000 jobs in North America and India to accelerate transition to EVs
2 years, 4 months ago

Ford cuts 3,000 jobs in North America and India to accelerate transition to EVs

Hindustan Times  

The US automaker has announced it is shedding 3,000 jobs in North America and India to cut costs and simplify processes. File photo of Ford Motor logo About 3,000 white-collar workers at Ford Motor Co., mainly in North America and India, will lose their jobs as the company cuts costs to accelerate its transition to electric vehicles. Executive Chairman Bill …

Ford cutting 3,000 white-collar jobs in bid to lower costs
2 years, 4 months ago

Ford cutting 3,000 white-collar jobs in bid to lower costs

Associated Press  

DETROIT — About 3,000 white-collar workers at Ford Motor Co. will lose their jobs as the company cuts costs to help make the long transition from internal combustion vehicles to those powered by batteries. Executive Chairman Bill Ford and CEO Jim Farley said in the email to employees that Ford will provide severance benefits and significant help for the workers …

Jaguar Land Rover to stop output at UK factories for a week due to Brexit
5 years, 3 months ago

Jaguar Land Rover to stop output at UK factories for a week due to Brexit

Live Mint  

Gaydon, England: Britain’s biggest carmaker, Jaguar Land Rover, will halt production at its British factories for a week in November, its boss said on Thursday, joining BMW and Toyota in plans to help mitigate any immediate disruption from a no-deal Brexit. Chief Executive Ralf Speth said the firm had to make plans now, including a stop to production at its …

Ford to cut 12,000 jobs in Europe as part of restructuring
5 years, 6 months ago

Ford to cut 12,000 jobs in Europe as part of restructuring

Live Mint  

Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe as it streamlines operations in the region to increase profitability. "Separating employees and closing plants are the hardest decisions we make," said Ford of Europe President Stuart Rowley. Ford Motor Co. and other global automakers are facing multiple challenges, including the expensive push to develop electric cars that will …

Ford announces 12,000 job cuts across Europe
5 years, 6 months ago

Ford announces 12,000 job cuts across Europe

CNN  

London CNN Business — Ford is cutting 12,000 jobs and closing six plants as part of a major overhaul of its struggling business in Europe. Stewart Rowley, president of Ford Europe, said Thursday that the changes would result in a “more targeted business.” “Separating employees and closing plants are the hardest decisions we make,” Rowley said in a statement, adding …

Ford will cut 7,000 white-collar jobs
5 years, 7 months ago

Ford will cut 7,000 white-collar jobs

CNN  

New York CNN Business — Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year. The company committed last year to spending $11 billion to reshape its business, hoping to boost sales overseas and modernize its fleet of vehicles …

Jaguar Land Rover announces 4,500 job losses, starting in Britain
6 years ago

Jaguar Land Rover announces 4,500 job losses, starting in Britain

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Ford to cut thousands of jobs in UK and across Europe in major turnaround plan
6 years ago

Ford to cut thousands of jobs in UK and across Europe in major turnaround plan

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ford is to cut thousands …

Brexit impact: Jaguar Land Rover to cut 4,500 jobs worldwide
6 years ago

Brexit impact: Jaguar Land Rover to cut 4,500 jobs worldwide

Live Mint  

London: Jaguar Land Rover Plc, owned by India’s Tata Motors Ltd, plans to eliminate 4,500 jobs worldwide, as the UK’s biggest automobile maker responds to the sales slowdown caused by Brexit, flagging demand for diesel-powered vehicles and a downturn in China. “We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions …

Jaguar Land Rover is slashing 4,500 jobs
6 years ago

Jaguar Land Rover is slashing 4,500 jobs

CNN  

New Delhi CNN Business — Britain’s biggest carmaker is cutting thousands more jobs. Jaguar Land Rover will reduce its global workforce by 4,500 as part of a plan to cut costs by £2.5 billion, it announced Thursday. “We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions as well as technology …

Ford Cutting Jobs In Europe, Moving Away From Less Profitable Vehicles
6 years ago

Ford Cutting Jobs In Europe, Moving Away From Less Profitable Vehicles

NPR  

Ford Cutting Jobs In Europe, Moving Away From Less Profitable Vehicles Enlarge this image toggle caption Patrik Stollarz/AFP/Getty Images Patrik Stollarz/AFP/Getty Images Ford Motor Co. is cutting jobs in Europe and backing away from less profitable models as part of a major restructuring effort, the company announced Thursday. Tim Urquhart, a principal automotive analyst at IHS Markit, says Ford has …

Wall Street analyst says Ford could cut 25,000 jobs
6 years, 1 month ago

Wall Street analyst says Ford could cut 25,000 jobs

CNN  

New York CNN Business — General Motors has already announced plant closings and big job cuts. Adam Jonas, the auto analyst at Morgan Stanley, said he believes Ford is preparing to slash 25,000 jobs worldwide. Like GM, Ford is reinventing itself to compete in an industry undergoing radical change.Both GM and Ford have said they need to cut costs to …

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