Ford To Slash 12,000 European Jobs By The End Of Next Year

Ford Motor Co. said it will have cut 12,000 jobs in Europe -- about 20 percent of its overall workforce there -- by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and record-level investments to build low emission cars.

Ford said it has ceased production at three plants in Russia, is closing plants in France and Wales, and has cut shifts at factories in Valencia, Spain and Saarlouis, Germany. The cuts will reduce its manufacturing footprint in Europe from 24 plants down to 18.

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malba2367 - 6/27/2019 12:40:12 PM

+2 Boost

The European market for non premium vehicles is a bloodbath (for everyone except VW and the Asian makes who largely export vehicles into the EU). The one smart thing GM did was to walk away from that mess. If Trump gets the EU to reduce their vehicle tariffs, it would behoove Ford to wind down all EU manufacturing and export vehicles into Europe from the US and Asia.

MDarringer - 6/27/2019 5:19:45 PM

0 Boost

As they get closer to their merger with VW...

CANADIANCOMMENTS - 6/27/2019 6:45:55 PM

+2 Boost

How long do you think the single solitary Ford engine plant will stay open in the UK? The other shoe will drop at some point.

MDarringer - 6/27/2019 8:22:25 PM

0 Boost

I boldly predict that VW and Ford will merge engines.