SHARE THIS ARTICLE

Ford has dismissed reports that it could cut 24,000 jobs in Europe and axe a number of models in a major cost-cutting spree, branding them "pure speculation".

The reports are based on analysis from Morgan Stanley, which estimated the firm will shed 12% of its global workforce as part of a major cost-saving exercise. The analysis also suggests the Mondeo, S-Max and Galaxy could face the axe due to low sales, with customers for these models instead looking to the growing SUV market. Ford US is in the process of dropping saloons from its range, to focus on pick-ups, SUVs and the Mustang sports car. 

A £9 billion restructuring of the brand’s European operations is planned, as Ford fights to compete with General Motors and Fiat Chrysler Automobiles...

Read Article


Ford Says EMEA Job Cuts Claims Are

About the Author

Agent00R