Ford plans to cut 4,000 jobs in Europe by 2027 due to struggles in the electric vehicle market.

Ford plans to cut 4,000 jobs across Europe by 2027, with 800 of those in the UK, to address significant losses in its European passenger vehicle business. The cuts, affecting about 14% of Ford's European workforce, are due to weak demand for electric vehicles, high competition, and regulatory challenges. The reductions will not impact Ford's UK manufacturing sites in Dagenham and Halewood.

November 20, 2024
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