Ford plans to cut 4,000 jobs in Europe and the UK by 2027 due to weak EV sales and high costs.

Ford plans to cut 4,000 jobs in Europe and the UK by 2027 due to weak electric vehicle sales and economic challenges. Most job cuts, totaling 2,900, will happen in Germany, with 800 in the UK and 300 in other EU countries. Ford's third-quarter net profit dropped by 26% to $892 million. The company faces high operational costs and sluggish EV demand in Europe, amid stringent CO2 regulations and reduced government incentives for EVs.

November 24, 2024
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