Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Ford cuts 3,200 jobs in Europe and moves work to the US

by
January 24, 2023
in Investing
0
Ford cuts 3,200 jobs in Europe and moves work to the US
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

Ford plans to cut 3,200 jobs across Europe, according to Germany’s largest union, as the carmaker looks to slash costs and shift focus towards electric vehicles.

Most of the 2,500 jobs in product development and up to 700 in administrative roles the automaker is hoping to cut are located in Germany, said IG Metall.

The union, which represents 2.2 million members in the metal, electrical, iron, steel and automotive industries, said other cuts could fall at sites in Belgium and the UK, the Financial Times reported.

The workers at the Cologne site, which employs about 14,000 people, were informed of the plans on Monday.

“If negotiations between the works council and management in coming weeks do not ensure the future of workers, we will join the process,” IG Metall said.

“We will not hold back from measures that could seriously impact the company, not just in Germany but Europe-wide.”

The US carmaker has been cutting jobs in Europe for years as it aims to shift its focus to electrified vehicles.

The company’s chief executive, Jim Farley, warned in November last year it takes “40% less labour to make an electric car” than a traditional petrol model.

A statement from Ford said: “We have no comment on the current speculation about a possible restructuring at Ford in Europe.

“Ford remains committed and is currently accelerating its plans to build an all-electric portfolio of vehicles in Europe.

“By 2030, all new passenger cars sold by Ford in the EU will be electric, and by 2035 all new Ford Pro commercial vehicles will be electric.

“This transformation requires significant change in the way we develop, build and sell Ford vehicles, and will impact our organisational structure, talent and skills we will need in the future.

“More details will be shared once our plans are final and we have informed our employees first.”

Read more:
Ford cuts 3,200 jobs in Europe and moves work to the US

Previous Post

Drop in disposable income is affecting everybody in UK

Next Post

British households and businesses to be paid £2m to cut power use today

Next Post
British households and businesses to be paid £2m to cut power use today

British households and businesses to be paid £2m to cut power use today

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021

Bikanervala Unveils £50M Expansion in the UK with Grand Opening in Hounslow

0

0

0

0

Bikanervala Unveils £50M Expansion in the UK with Grand Opening in Hounslow

July 4, 2025
Why Leadership Belongs to Everyone in Your Business

Why Leadership Belongs to Everyone in Your Business

July 4, 2025
UK faces critical automotive job shortages by 2050, new research reveals

UK faces critical automotive job shortages by 2050, new research reveals

July 4, 2025

Rescue Dogs Strut the Runway in Search of Their Forever Homes

July 4, 2025

Recent News

Bikanervala Unveils £50M Expansion in the UK with Grand Opening in Hounslow

July 4, 2025
Why Leadership Belongs to Everyone in Your Business

Why Leadership Belongs to Everyone in Your Business

July 4, 2025
UK faces critical automotive job shortages by 2050, new research reveals

UK faces critical automotive job shortages by 2050, new research reveals

July 4, 2025

Rescue Dogs Strut the Runway in Search of Their Forever Homes

July 4, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.